Hi,
Does anyone understand the logic of this field, in particular why it does not adjust when you post a write down.
For example, we have an asset purchased at $30million, with a write-down of $5million and a salvage value of $10million, the Depreciable Basis field will show $20 million (Purchase less Salvage value) as opposed to $15 million (Purchase less write-down less Salvage Value)
It still calculates depreciation based on the correct amount of $15million, but I am just wondering why the Depreciable Basis field shows $20 million.
Thanks,
sean