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Dynamics 365 Community / Forums / Finance | Project Operations, Human Resources, ... / How to record the rema...
Finance | Project Operations, Human Resources, ...
Suggested Answer

How to record the remaining depreciation on asset on different RBM % in DYnamics AX

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Posted on by Hafsa 25

I acquired a building at 1,000,000 on 1st July 2020 with a depreciation method applied on asset at RBM 5%. 1st year depreciation of this is calculated at Value model set of RBM 5%. 

Now the financial year ended. 

on 1st July 2021 our policy changed for the remaining years of this asset. Depreciation method will applied to the remaining year of this asset, effective from 1st July 2021 will RBM 20%.

Let us know where can we set this functionality? 

We tried to add RBM 20% in Value Model of Fixed asset. But acquired asset was at RBM 5%. So this is not working. 

We changed the RBM 5% with RBM 20% in Fixed asset group. and also at Fixed asset posting profile. this is also not working. Depreciation amount is not being auto calculated at our required RBM 20%. 

I have the same question (0)
  • Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at

    Hi,

    Try the following:

    In the fixed asset value models, create a new one with your new depreciation method.

    Select your old model and select functions - split fixed asset

    Split the fixed asset to the same fixed asset number but select the new value model.

    Post the journal that is created.

    Best regards,

    Ludwig

  • Suggested answer
    Hafsa Profile Picture
    Hafsa 25 on at

    Thanks for your response.

    It really helped me.

    As i told in my question, In 2020 i have recorded depreciation of 2020 on RBM 5%. and in 2021 i dont want any adjustment of 2020 depreciation. I want to depreciate the remaining balance of asset on RBM 20 % effective from 1st July 2021.

    The entry generated by Fixed asset split journal is not as per our requirement.

    Transaction type                Account               Value model Debit     Credit

    Acquisition adjustment   BULD-000000001 RBM5%             981,300.00

    Acquisition                        BULD-000000001 RBM20% 981,300.00

    Depreciation adjustment BULD-000000001 RBM5% 18,399.38

    Depreciation                        BULD-000000001 RBM20%             18,399.38

  • Hafsa Profile Picture
    Hafsa 25 on at

    Kindly reply

  • Suggested answer
    brjo Profile Picture
    brjo on at

    Hello Hafsa,

    I'm not sure there's a good answer for you on this one.

    It seems as if, no matter which route you go (i.e.  splitting, reclassify), there will be adjustments made via the application.

    You will likely need to start fresh with a new asset and have it set up with an acquisition date of 7/1/21 at the RBM of 20%.

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