In Jan of 2018 I took over our fixed assets, entering new additions and creating new assets. Since I’ve taken over, any of the assets that I have set up are only calculating depreciation on the original acquisition cost, and not taking into account the cost of the additions for the total cost. For instance, since June I have one asset that has total accumulated depreciation of $277.95, but it should actually have been $7,874.77. I run the depreciation calculation every month and I post all assets and additions multiple times a month. What am I missing? How can I get the system to recognize the change in the cost?
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Is this a case of one asset with several addition lines? Could you provide more details?