Hi,
We have a scenario where there will be additions to the same fixed asset. For Example
Asset Number: Build-001
Service live 5 years \ 60 periods [monthly] Straight line depreciation
with acquisitions as follows
1) 01-Jan-2020 1000$
2) 01-Oct-2020 500$
We need depreciation as
Jan 2020 to Sep 2020 as 16.667$ per month
Oct 2020 to dec 2024 as 25 $ [16.667$+8.333$] per month
Jan 2025 to Sep 2025 as 8.333 $ per month
When we tried the scenario in system with Straight line remaining period it depreciated as follows
Jan 2020 to Sep 2020 as 16.667$ per month
Oct 2020 to dec 2024 as 26.47$ [(1500-(16.667*9))/51] per month
when we tried Straight line service life it calculates as follows.
Jan 2020 to Sep 2020 as 16.667$ per month
Oct 2020 to Sep 2025 as 22.5 $ [(1500-(16.667*9))/60] per month
How to achieve the below scenario.
We need depreciation as
Jan 2020 to Sep 2020 as 16.667$ per month
Oct 2020 to dec 2024 as 25 $ [16.667$+8.333$] per month
Jan 2025 to Sep 2025 as 8.333 $ per month
in which each additions will be treated as per the addition date.
Regards
Shijith
