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Question

Fixed Asset Depreciation

  • August 24, 2023
  • 4 replies
  • 169 views
T
Do Gooder (Partner)
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Hi,

We are getting an error (in IFS Apps 10) while change the Acquisition value of a Fixed Asset as “Depreciation should be calculated on the said object before changing the Acquisition value”. But as per the requirement we should not calculate the Depreciation. Is there any way to calculate depreciation @ 0%. So that we can run the depreciation proposal and change the Acquisition value.

We tried Exclude Depreciation, Hold depreciation functionalities but there was no luck.

Could anyone please help us on this.

Thanks in Advance.

Regards,

Mariappan C

4 replies

Dharshankumaar Mahendran
Superhero (Partner)
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Hi @TecChidaM 

 

You can try adding the additional value as a manual voucher to the FA and you can see the acquisition value being adjusted in the Main Object Balance analysis window. You should updated GL after entering voucher.

Linkedin - https://www.linkedin.com/in/dharshankumaarmahendran/
T
Do Gooder (Partner)
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  • TecChidaM
  • Author
  • Do Gooder (Partner)
  • August 24, 2023

Hi,

Thanks for your response. Really it is helpful.

But still is there any way to calculate depreciation @ 0%.

Dharshankumaar Mahendran
Superhero (Partner)
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Hi @TecChidaM ,

 

What is your FA in consideration here?

Linkedin - https://www.linkedin.com/in/dharshankumaarmahendran/
T
Do Gooder (Partner)
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  • TecChidaM
  • Author
  • Do Gooder (Partner)
  • August 25, 2023

I want to calculate Depreciation @ 0% on Fixed Assets.

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