Fixed Asset change of service life For Eg from 7 to 5 years

  • Fixed Asset change of service life For Eg from 7 to 5 years

    Posted by nazimlalji@hotmail.com on June 7, 2017 at 5:58 pm
    • Najeem JanatAli

      Member

      June 7, 2017 at 5:58 PM

      HI All

      Please can any one advice me whats the best practice and process to change the service life of fixed assets

      Fixed assets were set up as 7 years (which is 84 months), after 21 months company wants to change the service life to 5 years (from 7 years) which mean remaining life in terms of months is 39 months.Ā 

      Tried several options:
      -Since its odd number, changed the depreciation period to 39, didnt worked
      -Change the service life from 7 to 5 and depreciation period remaining to 39 didnt worked

      Anyone have any suggest, please advise

      thanks and kind regards

      ——————————
      Nazim Lalji

      ——————————

    nazimlalji@hotmail.com replied 8 years, 3 months ago 1 Member · 0 Replies
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