Asset Depreciation Page
Menu Path: Fixed Assets > Entry & Processing > Fixed Assets > Asset Information > click Depreciate
The Asset Depreciation page includes three options for administering depreciation of your fixed assets. The page also includes Report Type options for generating a report on the assets processed.
Depreciation Options
| Option | Description |
|---|---|
Calculates projected depreciation for up to one year in the future without posting it and generates a report showing the projections. Depreciating an asset also includes its improvements. We recommend running this option before posting to confirm the depreciations and make any needed corrections. | |
Calculates accumulated depreciation retroactively from the time of an asset's acquisition. This option does not record depreciation expense or post entries to the General Ledger. | |
Calculates and posts depreciation for one asset or a group of selected assets to the General Ledger. For each asset, you can post depreciation as often as once each month in a fiscal year. |
Before processing depreciation, verify the current fiscal year settings are correct in the Fixed Assets Profile and that the current system date is correct in the Fund Accounting Profile.