We have asset class zj17, this issue contains those assets which have MANU depreciation key, and this depreciation key does not charge any depreciation.
These assets till date have been charged depreciation as unplanned depreciation on monthly basis. Now the client wants to change depreciation key as of 01/08/2015 (which is in the middle of the year)
The depreciation key which they want to use is INWB which is on life Basis as per the company’s act 2013.
Here is an example.
Asset No# |
|
Asset Description | MAIN UNIT,DRYPIX 7000 200V 2T ED2 E |
Qty | 3 |
Total Value | 587,576 |
Capitalized Date | 21-Dec-12 |
Dep Date | 31-Mar-15 |
Scrap Value 5% | 29,378.79 |
UseFul life | 25-Oct-17 |
Unplanned Depreciation Calculation on MANU Key | |||
Date | Days | Unplanned Depreciation Amount | Remaining Book Value |
21-Dec-12 |
| - | 587,576 |
31-Mar-13 |
| 72,557 | 515,019 |
31-Mar-14 |
| 232,129 | 282,890 |
31-Mar-15 |
| 127,504 | 155,386 |
31-Jul-15 |
| 23,345 | 132,041 |
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Q- How to change dep. key from MANU to INWB in the asset. “In the middle of the year”?
Q – If I create new asset by transferring the value to new asset in different asset class thru ABUMN, what all I have to consider for creating new asset.
* I have created asset with remaining values of asset but it is giving error on depreciation as it depreciating the asset within 5 months instead of putting life of remaining 2 year and 4 month.
Please guide