[jira] Commented: (OFBIZ-1539) Implement fixed asset depreciation (methods)

["Sumit Pandit (JIRA)" <ji...@apache.org>]

    [ https://issues.apache.org/jira/browse/OFBIZ-1539?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=12555846#action_12555846 ] 

Sumit Pandit commented on OFBIZ-1539:
-------------------------------------

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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