Skip to main content

Notifications

Announcements

No record found.

Finance | Project Operations, Human Resources, ...
Answered

Depreciation not calculating correctly for Mid month (15th of month) Convention

(0) ShareShare
ReportReport
Posted on by 4,029 Super User 2024 Season 2

Have an asset that is setup using Straight Line Remaining Life and Mid month (15th of month) Depreciation convention.  In the last year of the Remaining life, the monthly depreciation amounts are reduced by an amount equivalent to the last month's depreciation and when fully depreciated, that last 1/2 month depreciation is remaining as Net Book Value.  See Asset book set up and the Asset transactions screen shots.  Has anyone seen this behavior?  It almost seems like a bug associated with either the SLRL method, the Mid Month 15th Convention, or a combination of the two.  Thanks in advance for your help

2020_2D00_07_2D00_01_5F00_12_2D00_32_2D00_05.jpg

2020_2D00_07_2D00_01_5F00_12_2D00_32_2D00_54.jpg

2020_2D00_07_2D00_01_5F00_12_2D00_33_2D00_17.jpg

  • Frank Hamelly | MVP, MCP, CSA Profile Picture
    Frank Hamelly | MVP... 4,029 Super User 2024 Season 2 on at
    RE: Depreciation not calculating correctly for Mid month (15th of month) Convention

    Thanks Ludwig, as always!  Frank

  • Verified answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at
    RE: Depreciation not calculating correctly for Mid month (15th of month) Convention

    Good morning Frank,

    I think that your issue is related to this bug (Issue 463981)

    fix.lcs.dynamics.com/.../Details

    There is still no hotfix out yet but in development from MS.

    Guess we have to wait a bit to get this fixed.

    Best regards,

    Ludwig

  • Suggested answer
    saurabh bharti Profile Picture
    saurabh bharti 15,039 Super User 2024 Season 2 on at
    RE: Depreciation not calculating correctly for Mid month (15th of month) Convention

    Hi,

    Did you try running depreciation for last month?

    Did you check if you have Expected Scrap value?

    Did you check if leave net book value at " parameters i setup in books?

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!

Top 10 leaders for November!

Congratulations to our November super stars!

Tips for Writing Effective Verified Answers

Best practices for providing successful forum answers ✍️

Leaderboard

#1
André Arnaud de Calavon Profile Picture

André Arnaud de Cal... 291,391 Super User 2024 Season 2

#2
Martin Dráb Profile Picture

Martin Dráb 230,445 Most Valuable Professional

#3
nmaenpaa Profile Picture

nmaenpaa 101,156

Leaderboard

Product updates

Dynamics 365 release plans