Annual Projection Report

Purpose

The Annual Projection report projects total annual depreciation expense for selected assets for up to 99 years. The report shows projected depreciation for up to 5 selected depreciation books.

The Annual Projection report includes assets only when they are subject to depreciation calculations. Therefore, the report does not project depreciation expense for assets that have been fully or partially disposed, or for assets that have been transferred out of the group for which you are running the report.

Note: The report applies the midquarter convention to applicable assets according to how the asset's beginning depreciation was entered or its current depreciation was calculated. If the asset has no beginning depreciation and its depreciation has never been calculated (or was reset to zero), the report uses the setting in Book Overrides in the New Company or Edit Company window to determine whether the midquarter convention applies. If necessary, change the settings through Edit Company to ensure that the projection matches your assumptions.

Applying (or not applying) the midquarter convention for a projection report does not determine whether the system will apply the midquarter convention when you calculate depreciation. The Overrides settings at the time you calculate depreciation determine and set the application of the midquarter convention.

Tip: You will probably find the Annual Projection report more useful if the group for which you run the report is sorted and subtotaled by a field you use for budgeting.