1. I have posted the depreciation until December 2021. How to record my new asset?: Difference between revisions
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A) Method 1 : | '''A) Method 1 : Simple follow Last Asset Net Book Value from Balance Sheet''' | ||
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Maintain the Asset Item as below: | Maintain the Asset Item as below: | ||
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'''OR''' | '''OR''' | ||
B) Method 2: | '''B) Method 2: Follow Original Cost and Acquire Date''' | ||
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Maintain the Asset Item as below: | Maintain the Asset Item as below: | ||
Latest revision as of 10:48, 31 October 2022
A) Method 1 : Simple follow Last Asset Net Book Value from Balance Sheet
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
- Start Process Depreciation from 01/01/2022
OR
B) Method 2: Follow Original Cost and Acquire Date
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 Step 4
