No edit summary |
|||
| Line 5: | Line 5: | ||
<br /> | <br /> | ||
Maintain the Asset Item as below: | Maintain the Asset Item as below: | ||
* Key in the Cost as Net Book Value (as at 31/12/2021). | * Key in the Cost as '''Net Book Value''' (as at 31/12/2021). | ||
* Acquire Date, eg. 01/01/2022 | * Acquire Date, eg. 01/01/2022 | ||
* Useful life = Balance of useful life to be depreciate | * Useful life = '''Balance of useful life''' to be depreciate | ||
<br /> | <br /> | ||
| Line 15: | Line 15: | ||
<br /> | <br /> | ||
Maintain the Asset Item as below: | Maintain the Asset Item as below: | ||
* Key in the Cost as Original Cost | * Key in the Cost as '''Original Cost''' | ||
* Acquire Date set as Original | * Acquire Date set as '''Original Purchase Date''' | ||
* Useful life = Full useful life | * Useful life = '''Full useful life''' | ||
* Process Depreciation until 31/12/2021. | * Process Depreciation until 31/12/2021. | ||
* Tick '''Cancelled''' to the Journal posted from Process Depreciation | * Tick '''Cancelled''' to the Journal posted from Process Depreciation | ||
Revision as of 06:46, 31 October 2022
1. I have posted the depreciation until December 2021. How to record my new asset?
Answer:
A) Method 1 :
Maintain the Asset Item as below:
- Key in the Cost as Net Book Value (as at 31/12/2021).
- Acquire Date, eg. 01/01/2022
- Useful life = Balance of useful life to be depreciate
OR
B) Method 2:
Maintain the Asset Item as below:
- Key in the Cost as Original Cost
- Acquire Date set as Original Purchase Date
- Useful life = Full useful life
- Process Depreciation until 31/12/2021.
- Tick Cancelled to the Journal posted from Process Depreciation