Dear Friends,
My company want to input Scrap value for assets. We need to update scrap value and reduce form book value and remaining amount need to start depreciation. Below is the screen shot for depreciation configuration.
I follow the above configuration, Scrap amount was reduced from book value and start depreciation for remaining amount. But in end of year amount was adjusted and show in period 12.
eg :
Book value : 10,169,612.46
Scrap Value :1,016,961.00
Useful life : 5 years
After remove Scrap Value book value : 9152651.46 ( Monthly depreciation 9152651.46/60 = 152544.19)
But end of the year in period 12 showing : 355,936.39
Please let me know anything missing in the configuration.
Thanks,
Santi