Depreciation Adjustment Report

Purpose

For each asset selected, the Depreciation Adjustment report shows the difference between the beginning depreciation amounts you enter (if any) and the depreciation amounts the system calculated for the same period. The beginning information is also entered by the application when you change any one of the critical information fields (Property Type, Placed-in-Service Date, Acquisition Value, Depreciation Method, or Estimated Life).

The report includes only those selected assets that have adjustment amounts. The Depreciation Adjustment report displays your assets in two separate groups: under-depreciated assets and over-depreciated assets.

The Depreciation Adjustment report is not affected by any choices you make for depreciation adjustment settings on the Book Overrides tab of the New (or Edit) Company window. However, if you decide to adjust depreciation, you may want to use this report to learn the adjustment amount for each asset.