Skip to Content

Hello All,

In this blog, we shall see the how logic of the depreciation calculation for a fixed asset is derived in the Depreciation Overview Screen

Issue: We you can see in the below screenshot that the depreciation start date is 01.10.2015 but the depreciation overview shows the calculation from period 011

/wp-content/uploads/2015/10/faa_811836.png

To know how system did this:

Step 1: You can open the help document ‘Using Depreciation Methods’ and Under ‘Depreciation Methods — Pre-delivered per Country you can click on ‘Country XYZ’

For every country there is a specific document for depreciation from which can know the ‘Period Control Method’

/wp-content/uploads/2015/10/perc_811837.png

So, for this depreciation method, the Period Control Key is 003

Step 2: Look for help document ‘Period Control Methods and Keys’ and in this document  Under ‘Period Control Method Tables’ you can find for the period control method: 003


/wp-content/uploads/2015/10/pcm1_811881.png

So now for each transaction is assigned to a different ‘Period Control Key’ , you can compare what is that transaction you did for the acquisition of Asset, and in the above Asset , we used ‘Transfer‘ of old asset to create/capitalize this Asset.


So, the Period Control Key Applicable is 02


Transfer = 02 ; under period control method 003

/wp-content/uploads/2015/10/pcm2_811892.png



This states that if the transaction was done before 15th of a current period then the Depreciation Calculation starts from current period, and if the transfer is done to acquire/capitalize a Fixed Asset after 15th of current period then the Depreciation Calculation starts from Next Period


/wp-content/uploads/2015/10/pcm3_811893.png


So, the same thing has happened in the above Fixed Asset : 104, Although the Depreciation Start Date shows as 01.10.2015, since the Asset is acquired based on Transfer – Receiving took place on 16.10.2015, the Depreciation Overview shows the calculation starts from period 100



Please drop in your comments/feedback, if you have any regarding this blog post.


Hope this helps  someone of you.


Note: The above screenshots are taken from our internal test system only


Thanks

Lokesh Sharma


To report this post you need to login first.

Be the first to leave a comment

You must be Logged on to comment or reply to a post.

Leave a Reply