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Allocation of Furniture and Fittings Depreciation

  • 1.  Allocation of Furniture and Fittings Depreciation

    Posted Thu September 26, 2019 05:54 AM

    Just wanted to understand how other companies are handling the depreciation costs related to furniture and fittings associated with a fit out of offices. We are looking at two options:

    1. Flowing them into Internal Labor as part of the occupancy related costs i.e. people related costs

    2. Flowing them into a separate object and allocating via TimeTracking / Project

     

    The impact we see is the depreciation costs would not tick and tie and may lead to more questions

     

    Option 1 would lead to less configuration and no need to create a separate report.


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  • 2.  Re: Allocation of Furniture and Fittings Depreciation
    Best Answer

    Posted Fri September 27, 2019 04:18 AM

    Hi Robin, Through fixed assets first then allocated to labor cost centers by headcount is a solid way to go for occupancy.


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