Immediate write off asset showing incorrect depreciation on the Depreciation Report

This support note applies to:

• AE Assets (AU)

In MYOB Accountants Enterprise Assets (AE Assets) version 2.4, in a periodic ledger where you have entered an immediate write off asset with a Depreciation Start Date which is not in the first period, the Depreciation Report using the Taxation Method shows the incorrect value for Depreciation and for the Closing W.D.V.

To show the correct values on this report you need to enter a start date for the asset as at the first period.  Also the Taxation Depreciation Schedule shows the correct values.

MYOB has addressed this issue in MYOB AE Assets 2.4.1. Please refer to the my.MYOB Product Downloads page, Australia to download the latest release.