FAQ-Asset: Difference between revisions

From eStream Software
No edit summary
No edit summary
Line 21: Line 21:
* 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
<br />
=2. I have posted the depreciation until December 2021. How to record my new asset?=
'''Answer:'''

Revision as of 06:49, 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
  • 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 Process Depreciation


2. I have posted the depreciation until December 2021. How to record my new asset?

Answer: