Solved

Estimated Life format definition

  • 29 March 2023
  • 2 replies
  • 30 views

Userlevel 6
Badge +10

Hi Experts

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

BR

Sophal

icon

Best answer by gumabs 29 March 2023, 14:20

View original

2 replies

Userlevel 6
Badge +19

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

Userlevel 6
Badge +10

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

Reply