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Showing posts with the label Change of Fixed Asset Useful Life in Dynamics GP

Change of Fixed Asset Useful Life in Dynamics GP

1.         Suppose an asset assigned with 5 years of useful life and depreciation has been performed since the asset is bought. According to the company depreciation policy, it need to change to 3 years and the depreciation need to be recalculated from the beginning of the Fixed Asset calendar year through the dates that the asset has already been depreciated. 2.         In the Asset Book, change the number of years in <Original Life Year, Days>.  Click <Save>. 3.         In the following message, select [Yes]. Extract from Microsoft Dynamics GP's Help When you change a depreciation-sensitive field in the Asset Book window in Microsoft Dynamics GP, you receive the following message: “You have changed a depreciation sensitive field. This will result in depreciation values being recalculated. Do you wish to continue?” You will receive this message because depreciation ...