web
You’re offline. This is a read only version of the page.
close
Skip to main content

Announcements

🚀 Season of Sharing Community Challenge Launch!
Ask A Community Pro
Introducing our New Video Series: Community Spotlight
News and Announcements icon
Community site session details

Community site session details

Session Id :
Dynamics 365 Community / Forums / Microsoft Dynamics GP (Archived) / Run accumulative depre...
Microsoft Dynamics GP (Archived)

Run accumulative depreciation on an Asset

(0) ShareShare
ReportReport
Posted on by c4c4571f00c7433e841... 1,110

I have an asset who is purchased (lets suppose in 2000). and I want to enter that asset in year 2013 on its actual cost, and run accumulative depreciation of about 10 years on that asset. is it possible to do this in dynamics gp so that I can see actual price of that asset, accumulative depreciation and written down value.

*This post is locked for comments

I have the same question (0)
  • Verified answer
    Mahmoud Saadi Profile Picture
    Mahmoud Saadi 32,738 on at

    This is a common case that we encounter when entering FA opening balances in Dynamics GP, an asset that was purchases several years ago to be entered with all the associated details. Usually, you need to retrieve the following details either manually or as exported from the old system;

    1. Acquisition cost
    2. Acquisition Date
    3. Cost basis (supposedly as the acquisition cost)
    4. Depreciation method
    5. YTD
    6. LTD
    7. Salvage value (if any)
    8. Original life years, days
    Once all these values are entered, Dynamics GP will provide reset options for the asset which are; Life, Year or Recalculate. You may check the following reference at Dynamics Accounting for a thorough explanation of the three reset choices; Weekly Dynamic: What REALLY happens with FA Recalculate
    Your feedback is highly appreciated, 
  • c4c4571f00c7433e8415e0e1141719d2 Profile Picture
    c4c4571f00c7433e841... 1,110 on at

    thanks for quick reply, I have one question now, Acquisition cost mean actual cost of asset at the time of purchase, or cost after written down value calculation ?

  • Mahmoud Saadi Profile Picture
    Mahmoud Saadi 32,738 on at

    The acquisition cost is the cost at which the asset was originally purchased.

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

News and Announcements

🚀 Season of Sharing Community Challenge Launch!
Ask A Community Pro
Introducing our New Video Series: Community Spotlight

Quick Links

Season of Sharing Community Challenge Launch!

Jump in, show your community spirit, and win prizes!

Women in Power Builds Momentum

Expanding mentorship, skilling, and AI innovation

Congratulations to the May Top 10 Community Leaders

These are the community rock stars!

Leaderboard > 🔒一 Microsoft Dynamics GP (Archived)

#1
Dan Liebl Profile Picture

Dan Liebl 2

#2
Shravan Attelli Profile Picture

Shravan Attelli 1

Last 30 days Overall leaderboard

Featured topics

Product updates

Dynamics 365 release plans