Understanding Closing Units of Production

Use the Units of Production Close program to update the schedules that you have set up for the units of production method of depreciation (method 09). When you run the units of production close, the system makes these adjustments:

• Rolls the year-to-date production amount into the Prior Year's Production field.

• Clears the year-to-date production amount.

• Rolls the current year revisions amount into the Prior Year's Revisions field.

• Clears the current 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 the organization uses units of production to compute depreciation.