Answer / shankar ganesh c t

Asset A1 is brought into system at a cost of $10000 in
1996.After 12 yrs,additional parts brought into the same
asset and the cost of the asset increased to $12000 in 2008.

Now if we run depreciation,it will depreciate from the value
$12000 and not $10000.(Allow Amortized changes set to yes).

but if you want to depreciate $10000 till 2008 and
additional depreciation for $12000 from 2008.(Allow
Amortized changes set to No)

Answer / mph

What happens if we retire a part from the asset.How the
depreciation will be calculated at that time.

Will it be taken off from the original asset value..

Answer / kn

Dear Shankar Ganesh, HI,

I have few questions on the below points.....
(1)
Now if we run depreciation,it will depreciate from the value
$12000 and not $10000.(Allow Amortized changes set to yes).
> Does this mean, the Asset Cost is now considered as $12000 from 1996 and the difference in Depreciation is posted to the current open Period? or for $2000 alone the system starts calculating from the year 2008 onwards?

Answer / abhishek singh

Hi All,

If that checkbox is enabled then the system will calculate the depreciation prospective basis in case if there is any changes in the cost & life of an assets

If that checkbox is disabled then system will calculate the depreciation on retrospective basis i.e. consider the changes in cost or life from the date placed in services for calculating the depreciation

Thanks
Abhishek

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