2166002 - Depreciation of Fixed Asset Calculated Twice Over Useful Life

You have a fixed asset, which has useful life X years and X months.

You expect that system calculates planned depreciation for X years but in fact it is calculating over a period which is twice the value on useful life.

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1. Go to the Fixed Assets work center.
2. Go to the Fixed Assets view.
3. Select the Fixed Asset XYZ and choose Edit.
4. Go to tab Values.
5. Check the useful life for the combination of Set of Books and Valuation View against the periods on Depreciation Overview.

For example:

Useful Life - Years = 3

Useful life - Months = 36

Depreciation Overview = 72 periods calculated

XYZ means the fixed asset ID.

Useful Life - Years and Useful Life - Months are summed to get the total useful life.

In the example mentioned above, the system sum 3 years (equal to 36 months) PLUS 36 months to get a total useful life of 72 months.

In this case, maintain only one figure: Useful Life - Years OR Useful Life - Months.

If a depreciation is already posted you might execute a depreciation recalculation run with Period/Year 999/9999 that will recalculate for all open periods. Bear in mind to open accounting period that needs to be revaluated previously of the run execution:

1. Go to the Fixed Assets work center.
2. Select Periodic Tasks and then Depreciation view.
3. Click New button and choose Fixed Asset Depreciation Run.
4. Complete the necessary data and under Period/Year field you have to enter 999/9999.
5. Click Start Now button.
6. Check the Fixed Asset and you will see that Depreciation Overview was updated.

If this is affecting only a few fixed assets you might also use the function Recalculate Adjustment on the value tab in fixed asset master data:

1. Go to the Fixed Assets work center.
2. Select the Fixed Assets view.
3. Find fixed asset affected and click Edit.
4. Go to tab Values.
5. Click Recalculate Adjustment.

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