Dear All,
Please check the following depreciation calculation by the system.
Error Encountered - System not updating the depreciation starting date at the time of purchase invoice resulting in wrong depreciation calculation.
Suppose under the FA Card
Depreciation Starting Date = 01-Apr-2008.
Depreciation Method = Straight Line.
Depreciation % = 10%
Purchase Invoice is posted on 01-May-2009.
Cost of fixed asset = 1000
Now when depreciation is calculated for the financial yr 2008-2009 on 31-March-2009 it would calculate depreciation for 365 day
Depreciation calculated by system = 1000* 10%*365/365. = 100
Correct Depreciation calculation = 1000* 10% * (335)/365 = 91.78
Kindly, give you suggestion on the above error.
Navision Version used - 4.3 SP6 (Indian Localization).
Thanks,
Tdn.
0
Comments
one stupid and real example from turkish legislation:
i bought a fixed asset on 30 december 2007. for this fixed asset, dep. starting date should be 01 february 2007 regardless of purhasing date.. on 31 december 2007, i should depricate that fixed asset for whole 2007 even tough it is mine for just one day