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Suggested Answer
Charles Abetz asked a question on 7 Jun 2012 9:48 PM

Hi Community

I was wondering if there is a way to stop the Fixed Asset Balances from moving in a historical year when you create a new Asset with an acquistion date in that year.

Ie: Enter a new asset with  Acquistion date of 9/12/2011, on the 2/2/2012 and then  run depreciation.

It will move the balance in 2011.

Is there anyway to stop balances from moving or do I have to just enter in the acquistion date in the current year?

Regards

Charles

 

 

 

 

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Charles Abetz responded on 5 Jul 2012 8:51 PM

Still wondering on this issue, does anyone know

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Suggested Answer
Frank Hamelly responded on 6 Jul 2012 3:42 AM

You can enter the Acquisition Date in 2011.  Make sure you enter the Place in Service Date in the Book Card on 2/2/2012.  The Place in Service Date is when depreciation begins.

** Please, if this answers your question, mark it as 'Answered' so others experiencing the same will know it resolved your issue. **

Frank E. Hamelly, MCP-GP, MCP-AX, MCITP, MCT, MVP

http://gp2themax.blogspot.com/

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Suggested Answer
Frank Hamelly responded on 6 Jul 2012 3:42 AM

You can enter the Acquisition Date in 2011.  Make sure you enter the Place in Service Date in the Book Card on 2/2/2012.  The Place in Service Date is when depreciation begins.

** Please, if this answers your question, mark it as 'Answered' so others experiencing the same will know it resolved your issue. **

Frank E. Hamelly, MCP-GP, MCP-AX, MCITP, MCT, MVP

http://gp2themax.blogspot.com/

Reply