I would like to know what is the difference between the below 2 fields in the booked depn area and the usage.
1. Ordinary dep start date
2. Operating readiness
Will these 2 fields always have the same date or different ? Under what senario will the dates be different ?
1. Ordinary dep start date:
Basically system automatically update this date from Asset First acqusation date fi user want to change he can able to change, use of this date is system calculate depreciation with referance to Ordinary Dep Start Date.
This date may be diffrent than Capitalization date.
Ex: Matchine purchased on 01-04-2011
But matchine operations start from 01-06-2011, in this case as per comp act business need to calculate dep from usage date Dep Start Date
2. Operating readiness:
This is used for reporting perpose only. some time this date may vary from ord dep date.