I am doing an opening asset entry.
I have an existing asset which already has depreciated fully, i.e. value of 0. It is still deemed an asset in the company.
How do I create this asset?
- Purchased in July 2011
- Gross Purchase = $5000
- Depreciated within 60 mths at a frequency of 1 mth
- Value after life = $0
In ERPNext, the Next Depreciation Date cannot be a past date. For the above, the Next Depreciation Date should be Aug 2011. This is a big problem and there is no way to create this type of Asset.
Kindly advise. Thank you!