Hi, I have created a fully depreciated asset with ...
# fixed-assets-mgmt
k
Hi, I have created a fully depreciated asset with deprication history of two lines, one acquistion and one depreciation. Net book value everywhere is 0.00 (on asset itself, on fam asset values, on the depreciation history) except for the acquisition row on the depreciation history. When I run a asset summary report, I looks like the asset still has net book value since it has opening and closing balance of the full amount of the asset, even though the last depreciation date is set to 2018 and I am running the report on 2022 dates. Any idea what I am missing here?
r
I think most or all of the FAM reporting is off of Depreciation History records. Since it sounds like you keyed them manually, I'm guessing you might have put an amount in the wrong place from what reporting is expecting. I'd probably compare to some assets that had acquisition & DPH records created by the system (or at least assets that show correctly on reporting) and see if the "pattern" there matches what you keyed in manually.
k
I think the amounts were correct, however the depreciation row on the depreciation history did not have accounting book or subsidiary added, so it was not included in the assets transactions.
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