This support note applies to:
-
AO Assets Live (NZ)
-
AE Assets Live (NZ)
In Client Accounting - Assets version 5.4.31, depreciation on assets held for only a part of the year calculate based on the number of days held in the year, instead of months held.
For example, an asset with the following information:
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Acquisition date: 31/01/2019 (60 days held / 3 months held).
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Original cost: $39,122
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Depreciation rate: 25% diminishing value (DV)
Calculates at:
|
Client Accounting (incorrect) |
Correct calculation |
|---|---|
|
Original cost * depreciation rate * (days held / days in year) |
Original cost * depreciation rate * (months left in year** / total months in year) |
|
39122 * 25% * 60/365 = 1,608* |
39122 * 25% * 3/12 = 2,445* |
*rounding applied
**months left in year includes the month in which the asset is acquired
We're aware of this issue and we're looking into a solution.
MYOB INTERNAL STAFF ONLY
Insert PR# 171595053584
SR# 171252859431