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Hi all,
I have a bit of a doozy here.
I have an old asset that was taken out-of-service back on 01/31/2015, and was depreciated until that date.
Original Asset Cost: 138,777.18
Useful Life: 30 years
LTD Depreciation: 30,839.40 when taken out of service on 01/31/2015
On 05/01/2016, this asset was placed back in-service with additional value (13,962.67 added).
New Asset Cost: 152,739.85
Useful Life: 30 years (minus 6 years/8 months)
The problem I am running into is when I attempt to depreciate the asset, it is trying to catch up with all of the time that it was out of service. Also, when it tries to depreciate future months, it does so with the New Asset Cost/30 years and not the remaining time.
So, question is... Is there a way in Dynamics GP to take an asset out of service, then place it back into service with additional value and have it properly account for depreciation?
Thanks in advance,
Joseph
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