Obtaining Monthly Depreciation Figures

Because the depreciation this run amount (the depreciation amount between the last time calculations were run and the current through date) depends on the frequency of your depreciation calculations, you should calculate depreciation for each month in succession in order to obtain accurate monthly depreciation figures. For example, suppose today is April 2, 2022. You last calculated depreciation for all assets and all books through February 2022. This means that you have calculated current year-to-date and accumulated depreciation for all assets through February 2022, and the current through date in Asset Detail is February 2022.

To calculate depreciation for March, you would type 03/22 as the date through which you want to calculate depreciation and select an output option. If you run a Depreciation Expense report at the time you calculate depreciation, the column that shows depreciation for this run gives you the March figures; that is, the system calculates depreciation from the current through date (February) through the depreciation calculation date (March). After you calculate depreciation, the new through date in Asset Detail for your assets is March 2022, and each asset's current depreciation figures include the March numbers.

Note: If you need only to update the assets in the system and don't need to generate a report, make sure you clear all Send To check boxes.