what is the use of Allow amortized changes in fixed assets
Answers were Sorted based on User's Feedback
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)
Is This Answer Correct ? | 8 Yes | 1 No |
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?
Is This Answer Correct ? | 0 Yes | 0 No |
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
Is This Answer Correct ? | 0 Yes | 0 No |
In prepare mass additions window what are available Q names?
Grouping Rules and Line Ordering Rules
hi friends i am a B.com Commerce Graduate, completed in the year 2006. i have good knowledge in oracle General Ledger, Accounts Payable, Cash Management. i have basic Knowledge in Accounts Receivables and Fixed Assets, i dont have experience in oracle financials, but i have 3 years of experience in Accounts. After learning oracle i am very much confused that will i be eligible to get job in oracle or not. i got adviced from many consultancies and councellors about this matter , few of them advice me to search oracle job and few are'nt . please advice me to what to do .
what is soft close and hot close periods in assets?
Accounting Methods?
what are the documents prepared by functional consultant under aim methodology, which document will be prepared in each phase and which is the important phase in aim.
Do you track and record relationships between customers e.g. franchises, subsidiaries etc.?
Define the activities of the Configuration Manager (AP,GL,FA) in the team. Give examples
Briefly list the steps for foreign currency journals?
Can somebody provide me the various or atleast most frequent issues a support consultant deal with?
What is ment by prorate convention?
can any one tell me what exactly functional consultant do on daily basis? client requirements?