Hi All,
We have a SLM dep key with period control 01 set for retirements.
Now when we try to retire the asset on the last day of the month the asset was depreciated 100%, the last month's depreciation is being reversed and posted as loss.
This is strange as we would expect with period control 01 and the retirement value date as the last date of any given month, system should consider that month's depreciation ( or pro rate). If I give the next month's date as the value date the result is fine. So there seems to be an with period control method 01.
Please note we have posted last month's dep and did not set 'dep to the day' in the key.
The only other thing I would like to add is the base value in the Multi level methid is set as 027 and 024, not sure if this makes any difference.
Could anyone please guide me what else should I be checking or what is missing?
Thanks in advance,
Vamsi