| # Mass Restate Depreciation (tffam8231m000) Use this session to recalculate or restate depreciation for multiple assets. You restate asset depreciation when you want to recalculate depreciation that occurred in a prior period for assets or an asset in one or more of its related books. When you restate, ERP Enterprise calculates the new depreciation amount for each period and adjusts any previous depreciation transactions, so the sum for each period is the new depreciation amount. You can mass depreciate only one company at a time. In order to obtain the assets you want to restate depreciation together, you enter values the criteria fields, or leave them blank to perform the transaction on all assets in ERP Enterprise. For each book, ERP Enterprise 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. When computing depreciation, ERP Enterprise calculates and compares the new value to the existing value. The difference is recorded as the journal entry for that period. Note The periods in the General Ledger module must be open and the transactions for the prior period must not have been purged in order for recalculation of depreciation to occur. Related topics Restating Depreciation for Assets Depreciating Assets To use From and To fields Asset Number The From and To fields define a range of: asset numbers. Asset Extension The From and To fields define a range of: asset extensions. Category The From and To fields define a range of: categories. Default Subcategory The From and To fields define a range of: subcategories.. Asset Book The From and To fields define a range of: book codes. Group Y The From and To fields define a range of: asset groups. 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 Listed . If you select Yes, only those assets marked as Listed in the Asset (tffam1100s000) session will depreciate. No, only those assets that are not marked as Listed in the Asset (tffam1100s000) session will depreciate. All, the transaction will be performed regardless of the listed status. New If you select Yes, only those assets marked as New in the Asset (tffam1100s000) session will be restated. If you select No, only those assets that are not marked as New in the Asset (tffam1100s000) session will be restated. If you select All, the transaction will be performed regardless of the New status. Depreciation Code The way in which the depreciation of a fixed asset is spread out over the years. You specify the range of depreciation methods associated with the assets on which you want to perform mass restatement. Property Type You specify the range of property type codes associated with the assets on which you want to perform mass restatement. Vintage/Group Account 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. In Service Date The From and To fields define a range of: in-service dates. Default value The current date. Current Quantity You specify the range of current quantities shared by the group of assets on which you want to perform mass depreciation. Net Book Value The From and To fields define a range of: net book values. Net Book Value in home currency The book value of the asset in home currency. From the Tools menu, choose Rotate Currency to switch home currencies. Financial Company Specify a distribution company. Location You specify the location account associated with the assets on which you want to perform mass restatement. You might have up to eight location segments set up which define the physical location of an asset. Year / Period Year through which depreciation will be restated. Default value The default value is set to the current year. / 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 set to the current period. Period through which depreciation of the selected assets will be restated. 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 restate depreciation. Note The book codes you restate depreciation can be different from the ones used in the selection criteria panel. Book Type Specify the range of book types to restate depreciation. |