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Hi,
I have adjusted a fixed asset and after that I run the depreciation for the entire year. For some reason, it calculates depreciation based on the depreciation periods rather than on the depreciation periods remaining. Any ideas of why?
Depreciation proposal:
What depreciation method you are using ? Straight line remaining? or straight line? if straight line then system will use service life not remaining one
I have run another test and still can't figure out how depreciation is being calculated:
There is a bit of an incongruency between the placed in service date and the depreciation run date but I don't think this should affect. If we have depreciation last run on the 31/12/2020 and 24 depreciation periods remaining I think the system should take the net book value of the asset at 31/12/2020 and divide it by the depreciation periods remaning.
The net book value is this:
And the depreciation proposal that I get is this:
Any ideas of what could be wrong??
Thank you!
Can't tell for sure without confirming all your Depreciation configs but the asset shows an Acquisition date of 1/31/2020 and placed in service of 1/1/2018. My guess is that date combination is causing your issue. Logically, you don't place an asset in service before its acquisition date. I would try changing the acquisition date to = placed in service date.
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André Arnaud de Cal...
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