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fix: Create Depreciation Schedules for existing Assets accurately #28675

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GangaManoj
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@GangaManoj GangaManoj commented Dec 1, 2021

Problem Addressed

Depreciation Schedules for Existing Assets with

  • Gross Purchase Value = x
  • Number of Depreciations = y
  • Opening Accumulated Depreciation = a
  • Number of Depreciations Booked = b

are being created as though they're new Assets with

  • Gross Purchase Value = (x - a)
  • Number of Depreciations = (y - b)
Example

Consider the following Asset:

Screenshot 2021-12-01 at 11 07 32 PM

Screenshot 2021-12-01 at 10 55 07 PM

Screenshot 2021-12-01 at 10 55 41 PM

Its Depreciation Schedule will be created as follows:

Screenshot 2021-12-01 at 6 18 49 PM

If this Asset had already been depreciated till 30-10-2021 for Rs 6483.87(i.e, if it were an Existing Asset with Opening Accumulated Depreciation = Rs 6483.87 and Number of Depreciations Booked = 7), then the Depreciation Schedule should ideally consist of the last four rows alone.

Screenshot 2021-12-01 at 6 18 49 PM

i.e. it should look like this:

Screenshot 2021-12-01 at 11 03 42 PM

However, it currently looks like this instead:

Screenshot 2021-12-01 at 11 21 02 PM

@GangaManoj GangaManoj changed the title fix: Create Depreciation Schedules for existing assets accurately fix: Create Depreciation Schedules for existing Assets accurately Dec 1, 2021
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2 participants