FA Question: Change of Asset Salvage value after 1

[ahsanrasheed]

Hi

Need you help

I have a scenario where user want to change the asset salvage value of an asset after 1st moth depreciation run and period close and wants the adjustment accounting entries in GL in next month for depreciation.

With amortization check box at book level, we can do the same but user wants the adjustment in 2nd month only and from 3rd month it should be work normal.

How I can achieve the same. Can you please help me out for the same...?

regards

Ahsan

[AmanKhan]

Just Assign salvage value to 1 in 2nd month then run depreciation and Verify adjustment and close period
in 3rd month change salvage value to 0 again. run depreciation and verify adjustment.

Regards,