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The depreciation doesn't seem to be updating Expand / Collapse
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Posted 27/08/2010 4:55:18 AM
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Last Login: 12/07/2011 2:31:58 AM
Posts: 70, Visits: 179
Hi,

I am trying to use the depreciation function but when I hit calculate it returns zero rather than the figure I expect to see. The depreciation schedule has the original data entered and the first year it worked properly. Am I missing something? Do I need to update something? I guess it returns zero because it's multiplying either the written down value by zero or depreciation rate by zero. Can you step me through the whole process?

Regards

Post #4605
Posted 29/08/2010 10:03:10 PM


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Last Login: 29/01/2012 4:16:49 PM
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Hello,

Using the Sample Fund you can add a depreciation schedule to the Factory that's already added. Try adding a couple of items that will add up to the total of the factory so the schedule can be saved. I simply added one item called 'Test' and set its cost and value to the same as the whole asset ($295,000).

Once you save this schedule you can go to Asset Utilities > Process Depreciation, select the Factory and you will see the depreciation 'Test' item created previously. Now if you just click 'Calculate' you should find it automatically calculates the depreciation of the item (in my case it was $23,535.34).

I am unsure why yours would be calculating zero. Could you please attach a copy of your fund file (the .mysf file) into an email and we will investigate why it is occurring. Our email address is info@mysf.com.au

Regards,

MySF
Post #4606
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