Depreciation Calculation on Lease Assets | IFS Community
Question

Depreciation Calculation on Lease Assets

  • 27 December 2021
  • 2 replies
  • 64 views

Userlevel 3
Badge +1

Depreciation is calculating use days in the month despite the method on the asset.  We need it to calculate the same amount each month like it does on a regular asset.  We are using the same depreciation method of regular assets, so this doesn't make sense that it isn't. 


2 replies

Userlevel 5
Badge +9

Hi @Tharindu Nadeeshan 

May i know which version you’ve tested in. I have tried in Apps10 based on your description, and for both Normal and lease connected asset with method type Straight Line, application does calculate according to the method mentioned in the asset. Also can you let me know what you are referring to as use days? Is it the method length?

Best regards

Zuha

Userlevel 5
Badge +11

Could you please also attach a screenshot of the depreciation method you’re using? It might be the settings used in the method that cause this difference. Thank you

Reply