Saving Calculations with a Period Close

The Period Close feature saves the most recent depreciation calculations and displays them in the three Period Close fields. When you conduct a period close, the system copies the amounts in the three depreciation-related fields to the three Period Close fields. The table below shows the three fields that contain your current depreciation calculations and the corresponding Period Close fields.

Current Depreciation Fields	Period Close Fields
Current Year-to-Date	Period Close Year-to-Date
Current Accum	Period Close Accum
Current Through Date	Period Close Date

Here is an example:

You calculate depreciation on an asset with the following attributes:

Property Type:	P
Placed-in-Service Date:	03/01/2018
Acquisition Value:	$10,000
Depreciation Method:	SL
Estimated Life:	7 years

You calculate depreciation for this asset on 12/31/2022. The system displays the following in the three depreciation-related fields:

Current Year-to-Date:	$1,428.57
Current Accum:	$6,904.76
Current Through Date:	12/2022

Then you conduct a Period Close for a group of assets that includes this asset. After you conduct the Period Close, the system displays the following in the three Period Close fields:

Period Close Year-to-Date:	$1,428.57
Period Close Accum:	$6,904.76
Period Close Date:	12/2022