on 2022 Jan 27 3:21 AM
Dear Expert,
On day 1, more than 500 assets were created and capitalized with 5 yrs of Use Life in straight line depreciation.
After 3 years, management decided to change the Use Life to 10 years, and want to set the new Use Life effective in new fiscal year. The depreciation value of previous 3 years remained unchanged. That is, the net book value for the remaining 2 years will be extended to 7 year with new monthly depreciation values.
Under the above condition, as the changes must be done before new fiscal year, there is a need to set the new Use Life be effective in a future date (i.e., the new fiscal year). I can mass update the Use Life to new values, but may I know how I can set that new Use Life be effective in a future date, so that the previous 3 years of depreciation values remain unchanged, and only affect the coming 7 years of depreciation runs?
Thanks & Regards,
Green Green
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