Hello all -
I've migrated legacy fixed assets as of Nov 30, 2023. After creating the first depreciation proposal date 12/31/2023 I noticed that the amount of the depreciation is $10.00 on a number of the assets from different groups.
Below is an example of one asset's profile that shows the first 12/31/23 amortization will be $10.00. I would expect that this value would be roughly $62 for the first amortization since asset was migrated. Anyone else have this issue?
Thanks in advance for any advice.
Depreciation profile = Straight line life remaining
Convention = Mid month, 15th of month