m_powell
Active Member
Hello list
Can someone please help with the following.
An asset was set up November 05 and was depreciating until April 06. It was set up in the AA with economic life of 120 months and the Method Computation "R" (Remaining Life) method. In the tax ledger, it was set up 36 months, Method Computation "C" (Current YTD) and 36 months.
In April 06, our Finance departmnet stopped depreciation on this asset. This was done using data selection on the depreciation calculation report.
It has now been decided that depreciation is to re-commence on this asset.
The issue is; how to start depreciation again without "catch up" depreciation being calculated.
I initially thought changing from R to P would suffice or just changing the deprection start date.
If anyone has any advice on this, I would really appreciate it.
Regards
Malcolm.
Can someone please help with the following.
An asset was set up November 05 and was depreciating until April 06. It was set up in the AA with economic life of 120 months and the Method Computation "R" (Remaining Life) method. In the tax ledger, it was set up 36 months, Method Computation "C" (Current YTD) and 36 months.
In April 06, our Finance departmnet stopped depreciation on this asset. This was done using data selection on the depreciation calculation report.
It has now been decided that depreciation is to re-commence on this asset.
The issue is; how to start depreciation again without "catch up" depreciation being calculated.
I initially thought changing from R to P would suffice or just changing the deprection start date.
If anyone has any advice on this, I would really appreciate it.
Regards
Malcolm.