Hi everyone,
I have a question which someone might dealt with situation similar to mine, regarding the data migration process concerning fixed assets. Specifically,
I am seeking clarification on the calculation of depreciation proposals for migrated assets, in scenarios involving acquisitions and accumulated depreciation journals which are posted. Allow me to provide an example. Let's consider an asset is acquired in 01.01.2002, but in our company we have only fiscal calendars which starts from 2023. In this case for the acquisition posting we are using 31.12.2023, setting the migrated asset tick to yes. In this case we leave the placed in service field to blank and run depreciation to blank. In the acquisition date field we put 01.01.2002 so we can have the historical information of the asset. My question is in this case, how the system will generate the depreciation proposal, based on what? Based on the depreciation periods remaining which we filled during the FA Book migration or based on the acquisition date? We have successfully matched the net book value of the asset with the previous system, the only issue is the depreciation proposal.
Did anyone faced/is facing similar issue?
Thank you very much!