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Small and medium business | Business Central, N...
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Fixed asset acquisition

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Posted on by 197

Hello There!

I am using Declining Method - 1 as a depreciation method. I have also created separate depreciation book for the same. 

pastedimage1637743142406v1.png

Now, when I go for acquisition on the fixed asset card. I see Acquire option is disabled. But if i change depreciation method to Straight line Acquire option will be enabled.

Could anyone please tell me why this is happening, Did I miss any setup?

Thanks

I have the same question (0)
  • zoom2gaurav Profile Picture
    30 on at

    Hi,

    I am not sure but as per the depreciation formula for Declining Method - 1, you need to fill in the number of days and check. Maybe this can help.

    The following formula calculates depreciation amounts:

    Depreciation Amount = (Declining-Bal. % x Number of Depreciation Days x Depr. Basis) / (100 x 360)

  • Dixita Profile Picture
    197 on at

    Hey,

    Thanks for replying. There is no such option for Depreciation days. I am able to add Depreciation % and Depreciation starting year only.

    Also i am not able to add No. of dep years or Dep. ending date. If I add this two details, system is throwing this error, "Depreciation Method must not be Declining-Balance 1 in FA Depreciation Book FA No.='FA000290',Depreciation Book Code='DDB'."

  • Suggested answer
    Marco Mels Profile Picture
    on at

    Hello,

    if you do not get further traction from the community, feel free to raise it via your partner or CSP.

    Thanks.

  • Suggested answer
    Community Member Profile Picture
    on at

    Dixita,

    On the Fixed Asset Card, on the Depreciation Book line, did you enter Use DB% First Fiscal Year? You select this check box to indicate that

    the depreciation methods DB1/SL and DB2/SL use the declining balance depreciation amount in the first fiscal year. Starting from the second fiscal year, the regular DB/SL calculation method is used.

    Try this.

    Thanks,

    Steve

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