Thursday, July 2, 2020

More fun with Fixed Assets . . . Part I - Negative Depreciation

F&O wants to produce negative depreciation for 6 of the 12 months remaining, then make up the remainder of the depreciation in the last 6 months. This is a newly imported asset that we've updated the remaining periods on after it was acquired and after a Depreciation journal for accumulated depreciation as of 4/30/2020 was posted.

Attached image - No description set

Attached image - No description set

I did some testing on this and it seems F&O wants to depreciate based on the Service life for the remainder of the acquisition year, then switches to the balance of Remaining periods for final year. Very odd and probably a bug . . . 

No comments:

Post a Comment