Running the Compute Depreciation Program
Select one of these navigations:
Depreciation (G1221), Compute Depreciation.
Year End Processes (G1225), Compute Depreciation by Period.
Run the Compute Depreciation program in preliminary mode so that you can check for errors and make any necessary corrections.
When you run Compute Depreciation in final mode, the system creates fixed asset and general ledger journal entries. The system automatically posts the fixed asset journal entries and then submits the general ledger journal entries for posting.
You can approve and post the general ledger journal entries, or you can set up the system to automatically post the entries when you run the depreciation program. For the system to automatically post depreciation journal entries to the general ledger, you must:
Set Management Approval of Input to No (N) in General Accounting Constants.
Indicate a post version in the processing options for the Compute Depreciation program.
The Compute Depreciation program calculates and stores the annual depreciation amount for each asset in the F1202 table. The program refers to the Spread Pattern table that relates to the depreciation rule and applies the Year-to-Date Percentage to the annual depreciation amount. The resulting calculation is the depreciation amount for the current period.