Changing useful life on asset

[dc_951]

If I have an asset that has been depreciating and I have now determined I need to reduce the useful life. How can I change the useful life so that depreciation calculates (NBV-acc depr)/remaining useful life periods. So far everything I have tried takes a YTD calculation an does a true up.

Ex:
Cost=20k
Acc Depr=10k
remaining life=12
I want monthly depr to be 833

I don't want to change the start date, or value or have it calculate anything based on prior periods.

Any suggestions?

Also, any tips on how to impar an asset in E1?

 

[Boris G]

Have you tried to play with the Computation Method 'Remaining Months' or 'Inception to Date'? How about the Apportionment Code? If these don't give you the results you need, you can perform an asset split or transfer perhaps to another asset.

 

[singonej]

Boris, did you get this working? We are doing something similiar except adding more life. We think we can do it by changing to use the 'R' (remaining life), but wanted to know if you had any luck.
thanks.
Jane

 

[singonej]

Sorry, previous post should have been to DC_951.