Generating the Depreciation Journal Report

The system generates a Depreciation Journal report for each preliminary and final depreciation computation that you run. To control the amount of detail information that prints on the report, use processing options and data selection. Use the report as an auditing tool to determine whether user-defined rules and formulas reflect accurate asset depreciation information.

Each depreciation method prints on a separate page and includes these three types of information.

Account class and depreciation information

Identifies account classes and the depreciation methods that you assigned to each class in Depreciation Default Coding. Use this section of the report to review how the program made specific depreciation calculations.

Asset numbers and journal entry amounts

Lists each asset that you assigned to the account class and the depreciation for the period, which is calculated by the specific depreciation method.

Depending on the processing options and data selections that you select, you can review the specific depreciation formulas and element values that the depreciation calculation program used to arrive at the final depreciation amount for an individual asset.

Company totals

Prints the total amounts for accumulated depreciation and depreciation expense accounts by ledger and company. This section of the report also lists account numbers and subledger information.