On Jul 9, 2008, at 8:37 PM, brijesh m wrote:
Hi Santosh,
thanks for your concern. I have tried the way you have suggested but
the things are not crystal clear to me. I am sure you have noticed
that if you remove all the "meter readings" from the maintenance for
the corresponding fixed asset it gives the following error:
The Following Errors Occurred:
ERROR: Could not complete the Service to calculate the
yearly depreciation from dateAcquired year to current financial year
[file:/demo/deployments/demo.hotwaxmedia.com/applications/accounting/
script/org/ofbiz/accounting/fixedasset/
FixedAssetServices.xml#calculateFixedAssetDepreciation] process
[problem invoking the [straightLineDepreciation] service with the
map named [serviceInMap] containing
[[fixedAssetId=DEMO_PROD_EQUIPMT_1, expEndOfLifeYear=2012,
assetAcquiredYear=2008, purchaseCost=1000.0, salvageValue=50.0,
usageYears=0, userLogin=[GenericEntity:UserLogin][createdStamp,
2008-07-09 03:09:02.524(java.sql.Timestamp)][createdTxStamp,
2008-07-09 03:09:02.336(java.sql.Timestamp)][currentPassword,
47ca69ebb4bdc9ae0adec130880165d2cc05db1a(java.lang.String)]
[disabledDateTime,null()][enabled,Y(java.lang.String)]
[hasLoggedOut,N(java.lang.String)][isSystem,null()]
[lastCurrencyUom,null()][lastLocale,null()][lastTimeZone,null()]
[lastUpdatedStamp,2008-07-09
08:00:32.316(java.sql.Timestamp)][lastUpdatedTxStamp,2008-07-09
08:00:32.316(java.sql.Timestamp)][partyId,admin(java.lang.String)]
[passwordHint,null()][requirePasswordChange,null()]
[successiveFailedLogins,0(java.lang.Long)][userLdapDn,null()]
[userLoginId,admin(java.lang.String)], locale=en_US]]: The following
required parameter is missing: [OUT]
[straightLineDepreciation.assetDepreciationTillDate]The following
required parameter is missing: [OUT]
[straightLineDepreciation.assetNBVAfterDepreciation]].
Traversing to -> applications/accounting/script/org/ofbiz/accounting/
fixedasset/FixedAssetServices.xml#calculateFixedAssetDepreciation
here some things are not clear:
1. whats the method used for depreciation calculation, appears
to me that they have used "Straight-line depreciation" but
then whats the use of maintenance and meter readings as
inputs to calculate the depreciation as it only requires
salvage value, purchase cost and usage years as inputs.
refer: http://en.wikipedia.org/wiki/Depreciation#Declining-
Balance_Method
You are correct, we don't need to use of maintenance and meter
readings. for this method.
2. why in this above error usageYears=0 as I have mentioned
asset acquired date and expected and actual end date for
the asset ?
Here the usageYears = currentYear - assetAcquiredYear.
And here assetAcquiredYear = currentYear = 2008.
3. Also in \applications\accounting\script\org\ofbiz
\accounting\fixedasset\FixedAssetServices.xml I can see that
"doubleDecliningBalanceDepreciation" is also mentioned, so
is it also used as a depreciation method ?
There are several methods of allocating depreciation over the useful
life of the assets. Those most commonly employed in
industrial and commercial enterprises are the straightline method and
the reducing balance method. The management of a business
selects the most appropriate method(s) based on various important
factors e.g.,
(i) type of asset,
(ii) the nature of the use of such asset and
(iii) circumstances prevailing in the business.
for doubleDecliningBalanceDepreciation you can find the example asset
in the demo data.
A combination of more than one method is sometimes used. You can find
more examples at :-
http://en.wikipedia.org/wiki/Depreciation
Currently we have implemented the two commonly used methods and we
will implement more in future. Which uses the meter reading (case of
truck whose life is 1000000 Miles, so in this case the depreciation
will calculate based on current meter reading.)
kindly enlighten me on the above queries.
thanks
Brijesh M.
santoh malviya <[EMAIL PROTECTED]> wrote: Hello Brijesh,
After choosing fixedAssedtId,say DEMO_PROD_EQUIPMT_1 or
DEMO_PROD_EQUIPMT_2
, you have to update fields of the fixedAsset and then will have to
go to
"maintenance" sub tab and have to create new maintenance then go to
"meter
readings" sub tab of the maintenance and add meter reading for the
fixed
asset and then go to "depreciation" tab and you will get report.
Santosh malviya
On Wed, Jul 9, 2008 at 5:00 PM, brijesh m
wrote:
Hi friends,
can someone please suggest how this "Fixed Asset Depreciation
Report" is
coming. I have tried it on Demo server as:
On demo server i.e.:
https://demo.hotwaxmedia.com/accounting/control/main
go to
Fixed Assets -> in find opt for DEMO_PROD_EQUIPMT_1 -> then
traverse to its
depreciation sub tab to access its "Fixed Asset Depreciation
Report". How
this report is generated as I won't be able to track any
calculating method
apart from the Salvage Value for this fixed asset which is 50 but
still
can't comply with this Fixed Asset Depreciation Report values.
thanks
Brijesh M.
