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RL asked a question on 27 Jul 2011 9:46 AM

Good day,

My client changed asset cost and chose the option to reset year. The depreciation has recalculated/adjusted  correctly and changes start in period 01-2011. However, I noted that cost has changed at period 03-2011 instead of the expected period 01. Can this be explained?

The averaging convention is set at full period.

 

Thanks,

RL

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Verified Answer
Rubal responded on 28 Jul 2011 3:19 AM

Hi,

Do mean transaction representing the change in asset cost is visible under period 03-2011?

When cost of an asset is changed the transaction is posted in the period up to which asset is already depreciated. So if the asset is already depreciated to 03-2011, change transaction (FACHG) is posted to period 03-2011.

Rubal,

http://dynamicsgphelp.com/

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RL responded on 28 Jul 2011 5:31 AM

Thanks Rubal. This answers my question.

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Verified Answer
Rubal responded on 28 Jul 2011 3:19 AM

Hi,

Do mean transaction representing the change in asset cost is visible under period 03-2011?

When cost of an asset is changed the transaction is posted in the period up to which asset is already depreciated. So if the asset is already depreciated to 03-2011, change transaction (FACHG) is posted to period 03-2011.

Rubal,

http://dynamicsgphelp.com/

Reply