Hello Experts,
We have an asset that already used up all its useful life and currently has a NBV of zero. We would like to post an acquisition value for this asset and depreciate the amount accordingly but it would only be possible if we extend the useful life of the asset in AS02 (i.e: add 5 years). Due to company's policy restriction, they don't prefer it this way. Is there an alternative way so that depreciation will get calculated without changing the asset's useful life.
Would greatly appreciate your inputs.
Thank you!
Jack