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Hi All,

I would require an input on the below requirement.

There is a requirement to extend the Depreciation period of an Asset.

Please refer the Assets details below.

  • Asset Acquisition date                   : 05/01/2006
  • Estimated Life                                  : 20y 00m
  • Depreciation Started   Date            : 05/01/2006
  • Depreciation End Date                    : 4/30/2026
  • Business Expectation is to Extend the Depreciation of the Asset till 10/31/2029 (Roughly by another 3 years and 5 Months)
  • Acquisition Value                             :  21,0721,168.00 
  • Depreciation Value per period       :  878,006

 

 

 Depreciation Method

 

The business expectation is to have the same depreciation value (878,006) through out the extended period, until (10/31/2029)

 

Assistance on this would be really appreciated.

 

Thanx in Advance.

 

Razan 

 

Hello,

 

If you want to keep depreciation amount same as previous months then you can change object net value.

6 months from 2026 + 3 years, it total you need 42 months x 878,006 = 36.876.252 in company currency. 

You wrote that acquisition value is 21,0721,168.00. Is it in EUR or are you missing two 0? Because 878,006 x 240 months (current lifetime)=210.721.440 in company currency.

Hope this helps

 

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