Critical Depreciation Change Window

Follow the guidelines below to complete the fields on the Critical Depreciation Change window.

Items in this window

Item	Notes
Placed-in-Service Date	Select this option button to apply the change as of the Placed-in-Service date. Any depreciation in the Current Depreciation, Period Close, and Beginning Depreciation fields is reset to zero. The next time you calculate depreciation, the newly entered information is applied as of the Placed-in-Service date as though the asset had been originally entered with the new information. Note: This option is not recommended for older assets. Choosing this option will remove prior-year calculations.
Beginning Date	Select this option button to apply the change as of the Beginning date. The values in the beginning fields are retained and depreciation will be recalculated going forward using the newly entered information. Zeros are entered in the Period Close fields if the Period Close date is after the Beginning date. The information in the Period Close fields is retained if the Period Close date equals the Beginning date. The next time you calculate depreciation, the newly entered information will be applied as of the Beginning date. This option is not available if you are changing the Placed-in-Service date to a date after the Beginning date or there is no Beginning information.
Period Close Date	Select this option button to apply the change as of the Period Close date. The period close values calculated using the existing depreciation-critical field values are retained. The next time you calculate depreciation, the newly entered information is applied as of the Period Close date. The Period Close data becomes the Beginning data and overwrites the information in the Beginning fields. This option is not available if you are changing the Placed-in-Service date to a date after the Period Close date or there is no Period Close data.
Current Through Date	Select this option button to apply the change as of the Current Through date. The Current Through date values calculated using the existing depreciation-critical field values are retained. Period Close amounts before the Current Through date will be reset to zero. The next time you calculate depreciation beyond the Current Through date, the newly entered information will be applied. The Current Through data becomes the Beginning data and overwrites the information in the Beginning fields. This option is not available if you are changing the Placed-in-Service date to a date after the Current Through date.