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Hello There!
I am using Declining Method - 1 as a depreciation method. I have also created separate depreciation book for the same.
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
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
Hello,
if you do not get further traction from the community, feel free to raise it via your partner or CSP.
Thanks.
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'."
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)
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YUN ZHU
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