Fixes Asset - Change Depreciation Period

Chika

Dear Experts,

I have a question related to my client requirement. They have a fixed asset with depreciation method "Straight-Line".

This is the detail of the asset:
1. Acquisition cost = 4,512.00
2. Depr. Start date = 01-01-07
3. No. of Depr Years = 10

I've calculated depreciation for 1 year, and remaining book value until 01-01-08 is 3,948.00.

And then, they want to change no. of depr years to 15 years.

My question is, can I do this in standard NAV? Or do I need to create a new fixed asset to meet this requirement?

Thanks for any advice.

Regards,
Chika

khatia

Hello,

You can create new depr. book for this FA and change depreciation period using this book.


Khatia