The suggestion given on fixed asset purchase cost is a great. Yeh it should along with date aquire. Now I have a question: purchase cost includes some other cost like freight and handling charges, insurance and so on...(Description is along with jira issue https://issues.apache.org/jira/browse/OFBIZ-1539) where should these other cost goes into the database. Also i have confusion regarding to double decline method. thanks for the suggestion.
On Jan 8, 2008 6:50 PM, santosh malviya <[EMAIL PROTECTED]> wrote: > > > ---------- Forwarded message ---------- > From: Jacques Le Roux <[EMAIL PROTECTED]> > Date: Jan 8, 2008 6:04 PM > Subject: Re: Fixed asset depreciation implementation > To: [email protected], Jacques Le Roux <[EMAIL PROTECTED] > > > > > Hi Jacopo, > > > >> Hi all, > >> > >> we may use some help/advices/suggestions for the implementation of > fixed asset depreciation. > >> Here are the details: > >> > >> https://issues.apache.org/jira/browse/OFBIZ-1539 > >> > >> Main points are: > >> > >> 1) is it ok to remove DepreciationMethod entity and use the more > general CustomMethod entity instead? > > > > This looks good to me. Let us able to share between components. > > > >> 2) where should be stored the initial purchase cost of a fixed asset? > > > > Why not in FixedAsset itself along with date acquired ? > > > >> 3) are the suggested depreciation algoritmns correct? > > > > Except if Len Silverton was wrong they should be correct ;o) > > Strange that he uses purchase cost and salvage cost without defining > them. Have we missed something existing in the book > > somewhere (though he only suggest these 2 depreciation methods) ? BTW > salvage value seems a more appropriate label. Except if I > > miss something, we need to store it also. I would propose a new field in > FixedAsset long with purchaseCost : salvageValue > > Sorry typo was "I would propose a new field in FixedAsset along with > purchaseCost : salvageValue" > > > > Jacques > > > > Cheers, > >> > >> Jacopo > >> > >> > > > > > > > -- Sumit Pandit
