| # Mass Depreciation (tffam8230m000) Use this session to specify a range of assets to depreciate. You can depreciate several assets together if they are in the same company. When computing depreciation, ERP LN calculates and compares the new value to the existing value. The difference is recorded as the journal entry for that period. Note ERP LN calculates the depreciation amount as follows:
    depreciation amount = transaction costs / asset life
If the costs in relation to the asset life are so low that after rounding off the amount according to the currency definition the depreciation amount approaches zero, the depreciation does not end. Depreciation transactions with zero amounts are created and the asset net book value is not decreased. In order to obtain the assets you want to depreciate together, you enter values the criteria fields, or leave them blank to perform the transaction on all assets in ERP LN. For each book, ERP LN first determines whether depreciation must occur. If depreciation has not occurred, based on evaluation of the last depreciation date, the transaction is processed for all periods up to the depreciation through date. You specify a period and year for depreciation to run through. If a prior period is specified, nothing occurs. Related topics Depreciating Assets Restating Depreciation for Assets Asset Number The asset number and asset extension create a unique identifier for the asset in the selected company. You specify the range of assets on which you want to perform mass depreciation. Asset Number The asset number and asset extension create a unique identifier for the asset in the selected company. You specify the range of assets on which you want to perform mass depreciation. Asset Extension The asset number and asset extension create a unique identifier for the asset in the selected company. You specify the range of assets on which you want to perform mass depreciation. Asset Extension The asset number and asset extension create a unique identifier for the asset in the selected company. Category A classification or division of items. The classification can be by form, fit, or function. If you want to depreciate assets that share a category, specify the range of categories associated with the assets. Category A classification or division of items. The classification can be by form, fit, or function. If you want to depreciate a group of assets that share a category, specify the range of categories associated with the group of assets. Default Subcategory If you want to depreciate a assets that share a subcategory, specify the range of subcategories associated with the assets. Default Subcategory If you want to depreciate a group of assets that share a subcategory, specify the range of subcategories associated with the group of assets. Asset Book Identifies the book associated with the asset. Book codes permit you to define the books used by assets to record transactional data. Each asset must have at least one asset-book relationship. You specify the range of books associated with the group of assets on which you want to perform mass depreciation. Book Identifies the book associated with the asset. Book codes permit you to define the books used by assets to record transactional data. Each asset must have at least one asset-book relationship. You specify the range of books associated with the assets on which you want to perform mass depreciation. Group You specify the range of asset group codes associated with the assets on which you want to perform mass depreciation. Group You specify the range of asset group codes associated with the assets on which you want to perform mass depreciation. ITC Method You specify the range of investment tax credit (ITC methods) associated with the assets on which you want to perform a mass transaction. ITC Method You specify the range of investment tax credit (ITC methods) associated with the assets on which you want to perform a mass transaction. Automobile If you select Selected, only those assets marked as Automobile will be depreciated. If you select Not Selected, only those assets that are not marked as Automobile will be depreciated. If you select N/A, the asset transaction will be performed regardless of the asset's classification. Listed If you select Selected, only those assets marked as Listed will be depreciated. If you select Not Selected, only those assets that are not marked as Listed will be depreciated. If you select N/A, the asset transaction will be performed regardless of the asset's classification. New If you select Selected, only those assets marked as New will be depreciated. If you select Not Selected, only those assets that are not marked as New will be depreciated. If you select N/A, the asset transaction will be performed regardless of the asset's classification. Depreciation Code The depreciation system according to which depreciation, value reduction, revaluation, and so on are calculated. You specify the range of depreciation methods associated with the assets on which you want to perform mass depreciation. Depreciation Code The depreciation system according to which depreciation, value reduction, revaluation, and so on are calculated. You specify the range of depreciation methods associated with the group of assets on which you want to perform mass depreciation. Prop. Type You specify the range of property type codes associated with the assets on which you want to perform mass depreciation. Prop. Type You specify the range of property type codes associated with the group of assets on which you want to perform mass depreciation. Vintage/Group Account You specify the range of ADR vintage or MACRS group accounts associated with the assets on which you want to perform mass depreciation. Vintage/Group Acct You specify the range of ADR vintage or MACRS group accounts associated with the group of assets on which you want to perform mass depreciation. Service Date You specify the date range an asset was placed into service for the assets on which you want to perform mass depreciation. Service Date You specify the date range an asset was placed into service for the group of assets on which you want to perform mass depreciation. Current Quantity You specify the range of current quantities shared by the group of assets on which you want to perform mass depreciation. Current Quantity You specify the range of current quantities shared by the assets on which you want to perform mass depreciation. Net Book Value The purchase value of an asset added with all revaluations and subtracted with all depreciations, adjustments, and reductions to the purchase value. The book value can be used as a base for the depreciation calculations. You specify the range of net book values shared by the group of assets on which you want to perform mass depreciation. Net Book Value The value of an asset calculated by subtracting accumulated depreciation from its current cost, as stored on the asset's related book(s). Net book value changes for each asset's related books when depreciation is calculated and updated, or when an adjustment is made to either cost or accumulated depreciation. If the book type is Federal Tax, the Section 179 value is also subtracted from the above calculation. You specify the range of net book values shared by the assets on which you want to perform mass depreciation. Net Book Value One of a company's base currencies in which ERP LN registers and reports amounts. In a multicurrency system, up to three home currencies can be defined: The local currency Two reporting currencies From the Tools menu, choose Rotate Currency to switch home currencies. Financial Company You specify the distribution company for the assets on which you want to perform mass depreciation. There must be a valid intercompany relationship for the selected company. Financial Company You specify the distribution company for the group of assets on which you want to perform mass depreciation. There must have a valid intercompany relationship for the selected company. Location You specify the location account associated with the assets on which you want to perform mass depreciation. You might have up to eight location segments set up which define the physical location of an asset. Period Periods divide a year into regular intervals, such as weeks, months, or quarters, that can be used for statistical, hours accounting, planning, and cost controlling purposes. Default value The default value is 1 to the current period. The period through which depreciation of the selected assets will be calculated. Year Year through which depreciation will be calculated. Default value The default value is up to the current period. Suppress Journal Entries If this check box is selected, journal entries are not created in the General Ledger module for this transaction. Print Error Report If this check box is selected, an error report is printed. Asset Book Specify the range of book codes to depreciate. Note The book codes you depreciate can be different from the ones used in the selection criteria panel. Book Specify the range of book codes to depreciate. Note The book codes you depreciate can be different from the ones used in the selection criteria panel. Book Type Specify the range of book types to depreciate. Book Type Specify the range of book types to depreciate. |