Related topics

Understanding Depreciation Calculation Concepts

Calculating Depreciation for Your Assets

Resetting Depreciation

Resetting depreciation on assets with extension numbers is handled differently than when resetting depreciation on assets without extension numbers. (Although, you can reset depreciation on a group containing both.) Remember, the system assigns an extension number to an asset only if it has been partially transferred or partially disposed.

Resetting depreciation on an asset with extension numbers resets depreciation only on the last extension number. Depreciation is not reset on the original extension number or on any intermediary extension numbers. When resetting depreciation to a date prior to the creation of the last extension number, the system only resets depreciation to the beginning date of the last extension for that particular asset. All other assets without extension numbers in the selected group are reset to the specified date.

Resetting depreciation on a fully disposed asset cancels the disposal. If you've disposed of the asset through several partial transactions, the system cancels only the final disposal transaction (if it was a whole disposal). If the final transaction was a partial disposal, then the system only resets to the beginning date of the last extension number.

For information on canceling partial transactions, see Deleting Asset Transactions.

To reset depreciation
  1. Select the asset or assets for which you want to reset depreciation.

Note: You can select multiple assets from the List, an individual asset from Asset Detail, or select an entire group of assets.

  1. Do any of the following:
    • Select Depreciation > Reset Depreciation.
    • Click the Reset Depreciation task on the navigation pane.

    The system displays the Reset Depreciation window.

  2. Complete the Reset Depreciation window, then click OK. The system resets depreciation for the selected assets.

Note: The system resets depreciation to the selected date unless that date does not exist. If a selected date does not exist for an asset, the system moves back to the next earlier date. For example, if you selected to reset to the Period Close date and no Period Close data exists, then the system resets depreciation to the Beginning Date, if one exists.