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Vinh Nguyen
Vinh
 17
Error Depreciation and residual value were wrong
110
2
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Posted: Jan 08, 2018   
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Raymond Chin Kwie Joe
Raymond
 1017
Replied 

Are you sure the depreciation method is setup correctly?

see: Define Depreciation Methods (page 43)

Methods identify how annual depreciation is calculated for the asset.
•There are several methods for calculating depreciation
•Assets can have depreciation calculated one way for tax reporting purposes
•Assets can have depreciation calculated another way for financial purposes
•Depreciation methods for tax purposes are usuallybased on the type of asset and the taxlaws in effect when the asset was placed in service
•Depreciation methods for financial or management purposes usually follow generallyaccepted accounting practices and policies
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Replied: Jan 31, 2018
Votes
Vinh Nguyen
Vinh
 17
Replied 

Hi Raymond,

Yes, sure.

Currently, Mr.Soham Received and worked with me about this issue.

Thank you for your interest and reply.

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Replied: Jan 31, 2018
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