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https://issues.apache.org/jira/browse/OFBIZ-1539?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=12555846#action_12555846
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Sumit Pandit commented on OFBIZ-1539:
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Hello Jacopo...
Me and Santosh Malviya are working on this task, we are writing the services to
calculate the depreciation.
Here I have some queries, the description is as follows:-
1. In the StraightLine formula, where is the purchase cost of FixedAsset stored
in the Database.
2. Now regarding the Double Declining Method ; I think that here the purchase
cost means the NBV(Net Book Value) i.e. the cost of Asset for previous year
(Asset Value - depreciation calculated). Means while preparing the accounts
for the current financial year the depreciation amount should be reduce from
the the current value of Asset and then the updated asset's value should store
somewhere in database. Let me know if i am correct. Also please tell where is
this value store.
3. Also I am preparing the demo data for a FixedAsset to test the service.
Now As you know that :-
"The cost of machinery and equipment includes the purchase price, freight and
handling charges, insurance on the equipment while in transit, cost of special
foundations if required, assembling and installation costs, and costs of
conduction trial runs. Costs thus include all expenditures incurred in
acquiring the machinery or equipment and preparing it for use, plus the market
value of any trade-ins or exchanges".
Here it seems that it is require to prepare seed data for all OTHER_COST . Now
my question is that for which entity should we prepare the data, can i use
FixedAssetStdCostType ?
Also Is the Purchase Cost of Fixed asset is the sum of purchase price and all
other cost.
Also I am posting this comment to the developers mailing list.
> Implement fixed asset depreciation (methods)
> --------------------------------------------
>
> Key: OFBIZ-1539
> URL: https://issues.apache.org/jira/browse/OFBIZ-1539
> Project: OFBiz
> Issue Type: Sub-task
> Components: accounting
> Affects Versions: SVN trunk
> Reporter: Jacopo Cappellato
> Assignee: Ashish Vijaywargiya
> Priority: Minor
>
> New entity, crud services and ui, and pluggable services for account
> depreciation algorithms.
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