Adjusting Accumulated Depreciation
This topic provides an overview of updating accumulated depreciation of assets.
|
Page Name |
Definition Name |
Usage |
|---|---|---|
|
DEPR_ACCUM_ADJ |
Make adjustments to accumulated depreciation. |
Use the Adjust Accumulated Depr (DEPR_ACCUM_ADJ) page to make adjustments to accumulated depreciation for individual assets.
Navigation:
This example illustrates the fields and controls on the Adjust Accumulated Depr page.
|
Field or Control |
Description |
|---|---|
|
Unit |
Displays the Business Unit of the selected asset. |
|
Asset ID |
Displays the Asset ID. |
|
Status |
Displays the status of the asset. |
|
Trans Date |
Enter the Transaction date for which the accumulated depreciation needs to be updated. |
|
Acctg Date |
Enter the Accounting date for which the accumulated depreciation needs to be updated. |
|
Trans Code |
Enter a transaction code that identifies special asset transactions that are used in combination with actions to create accounting entries. You can modify these codes by changing the description and short description. The transaction code associated with revaluation displays revaluation related distribution types for additions. |
|
Depr Accum Adjustment |
Enter the accumulated depreciation for the required chartfield. |
|
Year to Date Depr Adjust |
Enter the year to date depreciation adjustment amount for the required chartfield. |
After saving the page, click the Asset Depreciation link to view the adjustment.
Note: Each book must be adjusted separately. If multiple books are associated with the same ledger group with KLS (Keep Ledgers in Sync) activated, the adjustment amount is converted and copied from the primary book to the secondary books if no adjustment amounts are entered in the secondary book.
Use the spreadsheet asset data import feature for adjusting accumulated depreciation for multiple assets at once. For more information, see the Adjusting Accumulated Depreciation of assets Using the Delivered Spreadsheet Template section of the Importing Asset Transaction Data by Spreadsheet topic.
After adjusting accumulated depreciation, run the depreciation calculation process. For more information, see the Processing Depreciation topic.