Changing the Beginning Depreciation Fields

When you make a change to any of the Beginning Depreciation fields (Beginning Date, Beginning Year-to-Date Depreciation, or Beginning Accumulated Depreciation), the system makes the following changes to the asset:

• The newly entered Beginning Depreciation information is copied into the Current Depreciation fields (Current Through Date, Current Year-to-Date Depreciation, and Current Accumulated Depreciation).

• The information in the Period Close fields (Period Close Date, Period Close Year-to-Date Depreciation, and Period Close Accumulated Depreciation) is set to zero.

• The depreciation adjustment, if any, is recalculated and can be viewed on the Depreciation Adjustment report.

Caution! You should be careful about changing information in the Beginning Depreciation fields on an asset that was created as the result of a transfer. The Beginning Depreciation fields contain important information regarding the depreciation expense as of the transfer date. You generally should not change this information.