Guidelines for Changing Financial and Depreciation Information

You can correct errors or update financial and depreciation information for one or more assets. You can also override depreciation information for an asset while adding it.

You can update financial information:

• In the period of addition

• In the period after the period of addition

Change Financial Information in the Period of Addition

You can change all financial information during the period in which an asset was added.

Change Financial Information in the Period After the Period of Addition

In any period after the one in which you added the asset, you can change any of the following:

• Asset cost

• Salvage value

• Prorate convention

• Depreciation method

• Life

• Rate

• Bonus rule

• Depreciation ceiling

When changing financial information, you can:

• Adjust the same fields on fully reserved assets that you can adjust on assets for which you ran depreciation.

• Choose whether to amortize or expense the adjustment.

If the asset is fully retired, you can't change any fields.