FAQ-Asset

From eStream Software
Revision as of 06:44, 31 October 2022 by Csloo (talk | contribs)

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