Skip to main content

Notifications

Small and medium business | Business Central, N...
Answered

FA Depr. Start Date

Posted on by 17
Is there any way to purchase an FA in the middle of the year and the Depreciation always to starts at 1/1/23
  • Verified answer
    FA Depr. Start Date
    Yes, you can acquire an asset and calculate depreciation for periods prior to the acquisition date. To do this, you will need to setup a user defined depreciation method.
     
    In the example below, I created a user defined depreciation table with 84 periods (7 years with monthly depreciation). I acquired my asset in June and calculated depreciation for the first time at the end of June using a depreciation start date of January 1.
     
    Fixed Asset Card 
     
     
    Depreciation Table for User Defined Method
     
     
    Depreciation Book Entry - show More Depreciation Books from the FA card Depreciation Books FastTab and personalize to add First User-Defined Depr. Date in addition to the Depreciation Starting Date. 
     
     
     
    Acquistion and depreciation entries
     
     
    Summary
     
    By setting up a User Defined Method, you can post the depreciation beginning in January even though the asset was not acquired until June. The June depreciation entry will catch up the depreciation and months following will calculate as needed on a monthly.
     
    Please confirm this answer if you determine what I am recommending is what you need. Thanks, Cynthia

Under review

Thank you for your reply! To ensure a great experience for everyone, your content is awaiting approval by our Community Managers. Please check back later.

Helpful resources

Quick Links

December Spotlight Star - Muhammad Affan

Congratulations to a top community star!

Community AMA December 12th

Join us as we continue to demystify the Dynamics 365 Contact Center

New! Quick response templatesâš¡

Save time with the new custom templates!

Leaderboard

#1
André Arnaud de Calavon Profile Picture

André Arnaud de Cal... 291,228 Super User 2024 Season 2

#2
Martin Dráb Profile Picture

Martin Dráb 230,056 Most Valuable Professional

#3
nmaenpaa Profile Picture

nmaenpaa 101,156

Leaderboard

Featured topics

Product updates

Dynamics 365 release plans