Reg: Change of Depreciation after some Years

[oracleapps1983]

Dear Members

May i know what are steps to change Assets Depreciation before its life time Completed.

Is there possibility to change Depreciation after depreciation is run.

Regards
Oracleapps1983

[pinnashanmukh]

Depreciation life can be changed in any period before running the depreciation.

Assets work bench --> Select the asset --> Books

Change the depreication life or method.

Application will recalculate the depriciation from the date of service and maintain the balances accordingly and create the accounting entry.

If the impact to be their only prospective.

Select the check box for amortize

Thanks,
Shanmukh

[oracleapps1983]

Thanks Shanmuk

I want to know is there Possibility to change depreciation method after running Depreciation(Hard Close).

What will be effect in my books?

Regards
Oracleapps1983

[pinnashanmukh]

Hi,

Yes you can.

Whether system has to calculate prospective or retrospective depends on the amortization check box

Thanks,
Shanmukh