TMR
02-21-2002, 07:29 PM
Hello!
I traded-in, partially, an office equipment for a new one. Then added the cost to the untraded equipment in the Fixed Asset Module. The life of both old and new equipments is 5 years. What date should I use depreciate the combined equipment? The old equipment has been placed in service for three months now. What amount should I place in the Life-to-Date and Year-To-Date? The manual for FA says to put zero amounts in both. How will I reflect the Accumulated Depreciation before the trade-in and the depreciation of the combined equipment for January?
Help!!!
Thanks.
TMR
I traded-in, partially, an office equipment for a new one. Then added the cost to the untraded equipment in the Fixed Asset Module. The life of both old and new equipments is 5 years. What date should I use depreciate the combined equipment? The old equipment has been placed in service for three months now. What amount should I place in the Life-to-Date and Year-To-Date? The manual for FA says to put zero amounts in both. How will I reflect the Accumulated Depreciation before the trade-in and the depreciation of the combined equipment for January?
Help!!!
Thanks.
TMR