spanek

Try this response from a similar post. Hope it helps.

Admin - "Hi, sure can you email sales@libertystreet.com with your company info and we can send you the key and assist you."

Is the Windows Mobile version of AssetManage now available? Where can it be downloaded from? Thanks.

I am also interested in the mobile capabilities offered by the new application. The link is not functioning properly for me either. Is there another link that we could try?

Is there any way to define a new depreciation method (other than the included: Straight-Line, Sum of Years, Double Declining Balance, Percentage Annually, 150% Declining Balance, 125% Declining Balance, 175% Declining Balance)? If not, is there a way to access the underling math that defines the included methods?

Thanks,

Simon

Hi,

We have been using AssetManage for a few years and were recently instructed by our auditors to change the useful life of some of our assets. I understand how to change the the useful life (by adjusting category properties), but I don't know what needs to be done in order to prevent prior depreciation from being recalculated.

At the bottom of the window (on the depreciation tab of an assets detail window) there is a check box and a space to enter the amount of prior depreciation as well as the prior period end date. I have checked the box, entered the prior deprecation, and the end date but the depreciation report is not generating values that match my manual calculations (or those provided by our auditors).

I believe this is what is happening, example:

Fiscal Year begins July 1st

Asset purchased for $100

Purchased July 1, 2010

Original useful life 7 years

New useful life 3 years

Change in Useful life took place between 6/30/2011 and 7/1/2011

Accumulated depreciation as of 6/30/2012 = $14.29

What I did:

- Changed useful life of the asset by changing the corresponding category's property

- Selected the check box for prior depreciation

- Entered $14.29 for the value of the prior depreciation

- Entered the date 6/30/2011 for the Prior period ending date

- Saved changes and regenerated all depreciation info

AssetMange Depreciation Report Output:

- Annual Depreciation 7/1/2010-6/30/2011 = $14.29 Book Value = $85.71

- Annual Depreciation 7/1/2011-6/30/2012 = $33.33 Book Value = $52.38

- Annual Depreciation 7/1/2012-6/30/2013 = $52.38 Book Value = $0.00

What it should be:

- Annual Depreciation 7/1/2010-6/30/2011 = $14.29 Book Value = $85.71

- Annual Depreciation 7/1/2011-6/30/2012 = $42.86 Book Value = $42.86

- Annual Depreciation 7/1/2012-6/30/2013 = $42.86 Book Value = $0.00

I believe that AssetManage is depreciating the remaining book value (present at the date of change) by taking the purchase price ($100) divided it by the new useful life (3 years), so $33 per year. When the asset reaches the end of its useful life (6/30/2013), asset manage is lumping the additional remaining book value into the final month's depreciation.

I would like to be able to force the system to calculate depreciation by depreciating the Net book value as of the date of change (6/30/2011) evenly over the remaining useful life.

- Net book = $85.71

- Remaining Life = 3 -1(prior depreciation) = 2

- Annual Depreciation = $85.71/2 = $42.86

- Monthly depreciation = $42.86/12 = $3.57

How can I do this?

Thanks for the help!

- Simon