Calculating Depreciation for Your Assets
The Depreciate feature calculates depreciation beginning from the last date you ran depreciation to an end date that you specify. Anytime you calculate depreciation you can run a Depreciation Expense report as well. The Depreciation Expense report provides essential asset data, plus figures for previous depreciation, depreciation calculated by this depreciation run, and current depreciation. The application generates a separate Depreciation Expense report for each book you select.
The system also calculates depreciation up to the transaction date when you dispose or transfer an asset. An asset's depreciation figures reflect whichever of these actions - depreciate, dispose, or transfer - you performed most recently.
You should calculate depreciation monthly for any book that is posted monthly.
- Do
one of the following:
- Select Depreciation > Depreciate.
- Select the Calculate Depreciation task on the navigation pane.
The system displays the Depreciate window.
- Complete the Depreciate window, then select OK. The system calculates depreciation for the selected group of assets, then either displays the results in a report viewer or sends them to a printer.
You can also depreciate only selected assets or an individual asset.
- In the Asset List, select the assets you want to depreciate.
- Do one of the following:
- Select Depreciation/Depreciate from the menu bar.
- Select the Calculate Depreciation task on the navigation pane.
The Depreciate window appears. The application automatically selects <Selected Assets> in the Group field.
- Complete the Depreciate window, then select OK. The system calculates depreciation for the selected assets, then either displays the results in a Report Viewer or sends them to a printer.
- Select the asset for which you want to calculate depreciation, and then go to Asset Detail.
- Do one of the following:
- Select Depreciation/Depreciate from the menu bar.
- Select the Calculate Depreciation task on the navigation pane.
The Depreciate window appears. The application automatically selects <Detailed Asset #XX> in the Group field, where XX is the System Number of the selected asset.
- Complete the Depreciate window, then select OK. The system calculates depreciation for the selected asset, then either displays the results in a Report Viewer or sends them to a printer.