Depreciation

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1238 Points Posted on 03 May 2020
Dear Friends,
Now I need to prepare Depreciation Workings for FY 19-20. Which value should I take as an Opening Balance as of 01 04 19?. Net block or Gross block as at 31 03 19? Also we made some classification changes in FA as well depreciation Method from WDV to SLM. how do we adjust this?
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On 03 May 2020 at 11:50 Report
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Quick Summary
This discussion addresses how to prepare depreciation workings for the financial year 19-20. The main query is whether to use the net block or gross block as the opening balance on 01/04/19. Additionally, the user is seeking guidance on how to account for changes made to fixed asset classifications and depreciation methods (shifting from WDV to SLM) during the period.

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"Do the Right Thing...!!!"
128157 Points Posted on 03 May 2020
Query is not cleared...

Is You made any changes in between dates...?

If yes why & what is the changes...?
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On 03 May 2020 at 13:11
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1238 Points Posted on 03 May 2020
No changes in the date. Changes in FA classification and Depn Depn Method from WDV to SLM
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On 03 May 2020 at 13:46

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