Dear All,
Asset: ABC
Capitalization Date: 16-May-2015
Useful Life: 12 Years
Expired Useful Life Period: 321
APC Value: 223,763.00
Amount Posted up to 31-Mar-16: 50,189.31
Net Book Value is: 173,573.69
My doubt is which amount is to upload Fixed Asset GLs in OASV T Code
- ABC A/c Dr. 223,763.00
Accumulated Depreciation Cr. 50,189.31
Takeover Account Cr. 173,573.69
- ABC A/c Dr. 173,573.69
Takeover Account Cr. 173,573.69
And one more doubt if I upload above asset data in AS91 when I run depreciation system will post the accumulated depreciation up to March 31, 2016. If it’s posting then I don’t want to post. And deprecation is calculated from which date capitalization date or depreciation start date.
Note: Go live date is 01-April-2016
Regards,
Swamy