Fixed Assets Module- useful Life of the Asset

Is there any way as how we can manage if we change the Useful life of the assets, then the Depreciation should go up to that extended useful life of the asset e.g. If the Asset value let say 100000 having Actual Cost for the 5 Years it got depreciated to the Rs 50000/- and the Balance Rs 50000 is the Net Value Now, we got that we need to increase the Useful life of the Assets to the another 5 Years, like in case of P/M & Furniture where we have to increase the Useful Life of the Asset, then How this can be managed