Fixed Assets Depreciation

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Posted on by Community Member Microsoft Employee

Hi,

I would like an advise from you all about Fixed Assets. I am doing testing on Fixed Asset Depreciations, I found it did not depreciate correctly. I tried one assets:

Using: SLO and Next Period.

The costs = 600.00

Orig Lif in year = 5

Salvage Value = 0.00

Date in Place Service : 30/01/2009

Opening Balance/YTD = 180.00

Accumulated Dep./LTD = 190.00

Net Book Value = 410.00

Date as off : 31/08/2010

after runs depreciation for 30/09/2010 = 0.00

should increase to by 10.00 because every month depreciate =10.00

Please help! Anything wrong with the setup? or What is the correct calculation?

Regards,

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Community Member Microsoft Employee on at

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Re: Re: Fixed Assets Depreciation

hi,

3/152

Financial detail enquiry i do not understand what info you want to see.

I've defined only one book.

period starts from 1/7/2009 - 31/12/2010 (18 periods) only year 2010 and year 2011 and above (12 periods)

current year for book :2010/periodic

yes, depreciated to date 31/08/2010

For this asset no amount projection show.
Sunbeam De Jesus 3,930 on at

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Re: Fixed Assets Depreciation

check the following:

- remaining years\days

- financial detail enquiry

- how many books do you have, maybe the depreciation is on the other book.

- your period setup

- your book setup, whats the current year?

- your 'date as of' is this the depreciated to date?

- try to run projection see if it will give you something.