User is just starting to use Fixed Assets (2013 R2). To get the monthly depreciation amount correct she has had to play with the Days in the Remaining Year, Days fields. Is there any way, other than to manually track and adjust each individual asset as it reaches it's end of life, to set this number to zeros?
User attempted to use the Amortization Code "Monthly" and hard keying in the CORRECT amount with depreciation method "Amortization"
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Frank, thank you for replying. Sorry for the delay in getting back with you by weather has been messing with work schedules. The client's response:
1. Yes, it was because it allowed entry of a monthly amount.
2. The client was using an Excel spreadsheet to track and calculate depreciation. Some amounts are off by cents while others are off by dollars.
3. We agree that Remaining Life should be remaining life but by playing with the days was the only way to get the amounts to match her manual system.
Couple of questions:
1. Why would you use Amortization on Computer Equipment? Was it because it allowed entering a monthly Amortization Amount as opposed to allowing the system to calculate it?
2. How does the client define the 'Correct' amount? What is the basis for the number? How much off is GP from the 'Correct' amount?
3. Why did they manipulate the remaining life in an attempt to get depreciation correct? Remaining life should be remaining life, period.
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