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Difference in the Asset Capitalisation date and Depreciation Start date

kandati_subramanyam
Participant
0 Kudos
724

Dear All,

My client has acquired some assets on 01.02.2014 ,but they did not put in use till 30.06.2016 and want to start depreciation calculation from 01.07.2016 on wards.

When I was creating asset master record ,I have given the asset capitalisation date as 01.02.2014 and when I try to put '0' in the fields like Expired Useful life  and periods ,the system doesn't accept.

Can anybody throw some light on this as how to go about it when there is a difference in the capitalisation start date and depreciation calculation date.

Thanks in advance

Regards

KT

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ajaycwa1981
Active Contributor
0 Kudos

Hi

If you specify Cap date as 2014 and Dep Start date as 2016, it should be enough

You dont need to put anythinig in expired UL

Ajay M

kandati_subramanyam
Participant
0 Kudos

Hi,

Thanks for your reply, but system is asking to give the expired UL and period as they as mandatory fields.

Any other settings need to be done for solving this issue.

Regards

Subram.

former_member198650
Active Contributor
0 Kudos

Hi,

Check the screen layout of the dep.area and change the field status of above fields as optional.

Regards,

Mukthar

kandati_subramanyam
Participant
0 Kudos

Hi Ali,

Let me check and will revert to you.

Regards

Subram