Fixed Asset Reporting

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Posted on 1 Dec 2014 21:26:52 by MicroACCT

When I run the fixed asset depreciation ledger by class report and I use the depreciation as of date as "Current Amounts", my current, YTD, and accumulated depreciation amounts on the report are correct. When I try and run the report using a specific date for the depreciation as of field I encounter and issue with current depreciation on my report. All other rows have the correct amounts except for current depreciation. The current depreciation row includes amounts from assets that have already been fully depreciated. I have no idea why previously depreciated assets have current depreciation amounts showing. Thanks for any help

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MicroACCT 35 on 02 Dec 2014 at 00:56:41

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RE: Fixed Asset Reporting

Thanks for the response Mahmoud. When I run the report as current date it shows the correct amount of current depreciation. When I run the report as of say 11/30/2014 the entire LTD depreciation for fully depreciated assets shows up as current depreciation.
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Mahmoud Saadi 32,738 on 01 Dec 2014 at 21:45:49

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RE: Fixed Asset Reporting

The current depreciation amount "displays the amount of depreciation calculated for this asset book the last time the depreciation process was completed."

Even fully depreciation assets have a current depreciation amount.

Your feedback is highly appreciated,