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[Najeem JanatAli]

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. 

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

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Nazim Lalji

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