By using this website, you agree to our Terms of Use (click here)
I've found that Useful Life on Book lines is defaulting from Asset Class and cannot be modified. Changing the Useful Life on the Asset Details doesn't update Book and deleting and re-adding Book after updating Useful Life still uses the value from the Asset Class. What am i missing here?
We set up asset classes for each useful life Years.
FFE-5Years
FFE-7Years
Exactly what i don't want to do - to create additional classes for every combination of depr. method and useful life (and gl accounts) is crazy. Anyway, I solved this. After assigning the class (which doesn't have depreciation enabled) and then enabling depreciation and setting a useful life, you just need to pick a formula depr. method (on the balance tab), eg. SL, then tab out of the field and useful life on the balance record unlocks. You then set the useful life to match that on the details tab and then you can select a different depr. method and it will match the list shown to the entered useful life - which was what i was trying to accomplish.