1. I have posted the depreciation until December 2021. How to record my new asset?: Difference between revisions
From eStream Software
No edit summary |
No edit summary |
||
| Line 1: | Line 1: | ||
<br /> | <br /> | ||
A) Method 1 : | '''A) Method 1 :''' | ||
<br /> | <br /> | ||
Maintain the Asset Item as below: | Maintain the Asset Item as below: | ||
| Line 14: | Line 13: | ||
'''OR''' | '''OR''' | ||
B) Method 2: | '''B) Method 2:''' | ||
<br /> | <br /> | ||
Maintain the Asset Item as below: | Maintain the Asset Item as below: | ||
Revision as of 08:01, 31 October 2022
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
- Start Process Depreciation from 01/01/2022
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 Step 4
