Low value asset Depreciation Change

[bilal_khalaf]

Hello Experts,

I have a requirement to change the depreciation or the useful life of Low value asset . First i will try to explain the Case in the configuration set up:

1- we are creating only one asset per project for Tools. we are cosidering tools as Low asset value . The depretiation will be the same month of the asset aquisition .

2- The asset was purchased in 2012 and of course it was already depreaciated in 2012 . Moreover we have issued the Financial statement for the year of 2012

3- The same asset has been used in 2013 for more aquisitions.

Now he have a requirement that we change the useful life of this asset from low value asset and make it for example to 2 years . Since we already closed 2012 as a finacial year then we dont want to do any entry in 2012.

Please do you have any idea about this issue and how to to resolve it ?  and let me know if have more clarifications .

[narasimhulu_konnipati]

Post a depreciation write up through ABZU to increase the asset Net book value and change the useful life to calculate it for further period.

Try this in test client and let us know if you need any help

[bilal_khalaf]

Thx Narasimhulu,

the value of the asset and the accumulated depreciation in the previous year(2012) is zero. we want to change the useful life in 2013 only.

Thanks,

[bilal_khalaf]

Helllo Experts ,

Any update on the above subject.

Thanks,