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Estimated Life format definition

  • Mar 29, 2023 10:02 AM UTC
  • 2 replies
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Hi Experts

In the Fix assets object you can define the Format PPp. What does this format mean?

BR

Sophal

Best answer by Furkan Zengin

Hello

Say that your fixed asset has 5 years and 6 month lifetime. Then YYy MMm means 05y 06m and NNp means 66p. Basically, you type directly number of periods for lifetime. Whether you enter YYy MMm or NNp, calculated depreciation for the period is the same.

Hope this helps

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2 replies

Furkan Zengin
Ultimate Hero (Partner)
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  • Ultimate Hero (Partner)
  • Answer
  • Mar 29, 2023 12:20 PM UTC

Hello

Say that your fixed asset has 5 years and 6 month lifetime. Then YYy MMm means 05y 06m and NNp means 66p. Basically, you type directly number of periods for lifetime. Whether you enter YYy MMm or NNp, calculated depreciation for the period is the same.

Hope this helps


Forum|alt.badge.img+12
  • Author
  • Hero (Partner)
  • Mar 29, 2023 1:15 PM UTC

Hello

Say that your fixed asset has 5 years and 6 month lifetime. Then YYy MMm means 05y 06m and NNp means 66p. Basically, you type directly number of periods for lifetime. Whether you enter YYy MMm or NNp, calculated depreciation for the period is the same.

Hope this helps

Thank you for the answer.

 

Best Regards

Sophal