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Depreciate asset with different depr starting date

BeatriceBeatrice Member Posts: 346
Hi!

Say I have a FA Card for a motor vehicle.

It is bought on 01 Jan 2006. Depreciation is 5% Straight Line.

On 01 July 2006, a similar motor vehicle is bought for same FA.

If Depreciation Starting Date is 01 Jan 2006, how will the system process depreciation for the second asset?

Regards,
Beatrice.

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    ssinglassingla Member Posts: 2,973
    Dear Friend,

    You need to open a seprate card for new vehicle so that system can caluculate depreciation correctly for the old vehicle or you need to post depreciation of the old vehicle upto the date of purchase of new vehicle.

    To explain the functionality : Navision on the last acquisition date calculates the net book value and calculate depreciation from there onwards i.e. it assumes that the asset is revalued as on that data. It is not like it will calculate seprate depr. for different acquisition cost and will total them and post.
    CA Sandeep Singla
    http://ssdynamics.co.in
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