This chapter contains the topic:
Use the Units of Production Close to update the schedules that you have set up for the units of production method of depreciation (method 09).
From Fixed Assets (G12), choose Year End Processes
From Year End Processes (G1225), choose Units of Production Close
When you run the units of production close, the system makes the following adjustments:
Rolls the year-to-date production amount into the Prior Year's Production field
Clears the prior year's production amount
Rolls the current year revisions amount into the Prior Year's Revisions field
Clears the prior year's revisions amount
When you select Units of Production Close, the system submits the job to batch.
Note:
Run the Units of Production Close program only if your organization uses units of production to compute depreciation.