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Dynamics 365 Community / Forums / Microsoft Dynamics AX (Archived) / Catch Up Depreciation ...
Microsoft Dynamics AX (Archived)

Catch Up Depreciation on an Asset that should have been acquired in a previous closed period.

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Scenario:  Invoice received for an invoice of a purchase made two months ago for let's say $3000 that needs to be capitalized.  The Asset is Added, it has an Acquisition date of 10/1/2014 (it was put into service on this date).

Question 1: We are now in December GL Period when I receive this invoice (didn't know about it before so it wasn't accrued for), how do I Acquire the Asset while keeping a true Acquisition Date of 10/1/2014 without opening up a prior period?

Question 2: Will Depreciation auto calculate 3 months of Depreciation in December (assuming Full Month Convention) when the Depreciation Proposal is ran in December?  Are there setups that are needed in order for this to calculatate properly?

At the end of December assuming a 5 year life this Asset should have depreciation expense of $150 ($50/mth).

I am setting up a clients Fixed Assets Module and while testing this it wasn't working as I intended.  TIA!

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  • Community Member Profile Picture
    Community Member on at

    I found if I go back to the Asset after I Acquired it and change the In Service Date and then run Depreciation it created a Depreciation Adjustment.  Is there something I can do on the Acquisition Journal or when I intially create the asset to avoid going back to the record?

  • Community Member Profile Picture
    Community Member on at

    If you add a new fixed asset and set Acquisition Date, Placed In Service, and Depreciation Run Date to some earlier period, then whether you manually enter an acquisition line or run an Acquisition Proposal for the asset to create the line, you cannot post the acquisition line with the earlier date. 

    In order to post, the transaction date on an acquisition or depreciation journal line has to fall in an open period for the ledger journal.

    So you must use a Date for the journal line that falls in an open period .... and then when you post, AX changes the Acquisition Date, Placed In Service, and Depreciation Run Date to the Date on the journal line.

    So you would need to go back to the fixed asset and reset those dates.

    I know of no way around that (except that since I am working with some 25,000 fixed assets I have to do this for in a conversion, I have X++ code that automates it for me).

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