I have an asset with a 5 yr life. 3 months after the in-service date an additional piece of equipment was added-on. It was give a separate asset number. How do I set the estimated life to 57 months?
I have an asset with a 5 yr life. 3 months after the in-service date an additional piece of equipment was added-on. It was give a separate asset number. How do I set the estimated life to 57 months?
Hello [email protected],
The Sage Fixed Assets application works with years and months in the estimated life field. The life availability depends on the depreciation method used. If using a straight line depreciation method the life ends up to be flexible to use years and months. In your situation with the 57 months remaining that equates to 4 yrs and 9 months of remaining life.
What is the depreciation method that you have set on the book where the life needs to be the 4 yrs 9 months?
~Lovisa
Jim, absolutely. The simplest way to put in the life both years and months is this: 0409. This will determine it as 4 yrs and 9 months. The estimated life field is a bit touchy so just put it in the way I suggested and you should have success. If not let us know.
~Lovisa
Hi Lovisa,
The depreciation life needs to be SL. When I go into the record to change it, it only allows me to enter Yrs. Is there a way to enter both yrs and months?
- Jim
Perfect,
Thank you
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