Hi guys,
I am trying to change our depreciation settings so, we can post depreciation periods 1 - 12 as planned, but as soon as we post it - we want to do enhancements to the asset (acquision using fb05). However, when we do this currently; it does not allow us to close that year without running depreciation again so, it can account for the asset value. Can anyone help me change the settings so, we do not have to "repeat" depreciation to change the settings. We use the LINS depreciation setting.
I'll give a numerical example incase, my explanation has not been clear.
Asset x value: 1000 Remaining useful life: 5 therefore, depreciation for the YEAR (periods 1 - 12) should be 200. We run AFAB to execute depreciation as normal. As a result, the NBV now is 800. We then want to run fb05 to enhance the asset value by 400 making the closing NBV 1200.
However, when we currently do the above; it prompts us to run depreciation again, but, we just want to close the year at the closing NBV as 1200.
Can anyone help?
Regards,
Norm