Reclassification of Fixed Assets
When user Reclassify a Fixed asset from one group to another. System will start charging Depreciation at the Cost value of Asset which was given at the point of Asset Purchase. Whereas System should charge Depreciation at NBV (Net book Value) which was at the time of Reclassification.
STATUS DETAILS
New
Write UP/Down Value Adjustment of Fixed Asset
In case user Write UP/Down value adjustment of Fixed asset. After the adjustment system add/less the Value of asset whichever is at the start of year and start calculate remaining depreciation according to that value. Whereas System should charge remaining depreciation as per the value of asse...
STATUS DETAILS
New