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Acquire asset with remaining life between 2 companies

Posted on by Microsoft Employee

We have a multi-company organization setup in ax and when selling assets between the companies, we want AX to determine what the remaining value of the asset is that it is to be acquired with in the purchasing company. I saw there was a depreciation model in ax with the name straight life remaining life and was wondering if this would solve the issue of intercompany asset purchases. Any comments or ideas are welcome on the matter.

  • Suggested answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at
    RE: Acquire asset with remaining life between 2 companies

    Hi gmaasz,

    You can input the remaining life of an asset in the value model form.

    Select your fixed asset, click on the value models button and then select the 'depreciation' tab in the window that opens.

    Best regards,

    Ludwig

  • Community Member Profile Picture
    Community Member Microsoft Employee on at
    RE: Acquire asset with remaining life between 2 companies

    Apologies, I am referring to the screen in Dynamixs 2012 were I can input the remaining life of an asset after its value model and depreciation profiles have been updated to the straight line life remaining depreciation profile.

  • Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at
    RE: Acquire asset with remaining life between 2 companies

    Hi gmaasz,

    What picture do you refer to?

    Are you looking for the tables that hold the data records?

    Please provide some additional information.

    Many thanks,

    Ludwig

  • Community Member Profile Picture
    Community Member Microsoft Employee on at
    RE: Acquire asset with remaining life between 2 companies

    I am struggling to find the area in the FA module in dynamics 2012 where the details in the picture is to be found.

  • Verified answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at
    RE: Acquire asset with remaining life between 2 companies

    Hi gmaasz,

    You can update the remaining periods here.

    Yet, rather than selecting mid month as depreciation convention I regularly select none or full months.

    Not sure if you need this mid months convention.

    Recommendation: Just check out the different options mid months vs. none vs. full month before you make this setup in your prod. environment.

    Best regards,

    Ludwig

  • Community Member Profile Picture
    Community Member Microsoft Employee on at
    RE: Acquire asset with remaining life between 2 companies

    This looks good. pastedimage1591008768985v1.png

    We use dynamics AX 2012 so it looks a bit different. Our assets are already acquired with the Straight Life Depreciation value model. Can I just update the periods remaining here and then it will calculate the new depreciation automatically?

  • RE: Acquire asset with remaining life between 2 companies

    Correct you need to go to the assigned book on depreciation fast tab and inform the periods and relevant dates

    pastedimage1589897532757v2.png

  • Community Member Profile Picture
    Community Member Microsoft Employee on at
    RE: Acquire asset with remaining life between 2 companies

    This is so helpful thanks. So where will I enter the remaining periods of the asset life? Is this during the asset creation?

  • Suggested answer
    RE: Acquire asset with remaining life between 2 companies

    Hi gmaasz,

    This method is normally used when you are migrating assets into the D365, for example you purchase an asset with depreciation life of 5 years for 1000 euros, if you use straight line service you will depreciate 2000 every year.

    Straight line remaining periods should be sue when you create an asset that is having depreciation life of 5 years but you already depreciate 1 year, so you will have:

    Acquisition value of 1000

    Depreciation of 2000

    Net book value of 8000

    You create the asset with a depreciation life of 5 years (60 periods if you use monthly depreciation)

    Remaining periods of 48 so system will calculate 8000/48 = 166.66 if you multiply by 12 the result is 2000

    Basically it is the same thing, but figures can change if we have decimals, that is something you need to check during your testing.

    Hope that helps

    Regards

    Mauricio

  • Community Member Profile Picture
    Community Member Microsoft Employee on at
    RE: Acquire asset with remaining life between 2 companies

    @ludwig thanks for the update. We are creating and disposing the assets when selling between companies so no need for the system to pick it up automatically when selling them. Can you maybe elaborate on how I can go test the straight life remaining depreciation model. How does this work?

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