| # Depreciate Vintage/Group Account (tffam7272m000) Use this session to calculate depreciation for the selected vintage/group account assets in their ADR or MACRS group books. You depreciate a vintage or group account to record the cost of the assets in the account against their revenues for specific periods. When you depreciate a vintage or group account, you depreciate the ADR book, established in the FAM Parameter (tffam0100s000) session, for the assets that the account contains. ERP Enterprise calculates the depreciation for each asset in its ADR book, then adds the assets' depreciation to the accumulated and year-to-date totals maintained for the account. When you depreciate vintage or group accounts, you indicate the period and year through which ERP Enterprise must calculate depreciation. ERP Enterprise uses the frequencies assigned to the vintage or group account to determine which vintage or group accounts are eligible for depreciation in the indicated period. ERP Enterprise then uses the account's depreciation method to calculate depreciation. Note If necessary, you can restate depreciation in the Restate Vintage/Group Account (tffam7273m000) session. If any of the selected assets contain a life in units in any of the assets' books, you must first run Record Asset Units Used (tffam1145s000) prior to depreciation. When computing depreciation, ERP Enterprise calculates and compares the new value to the existing value. The difference is recorded as the depreciation transaction for that period. You cannot depreciate beyond the end of the current fiscal year. Related topics Using Vintage/Group Accounts Using Vintage/Group Account Transactions Depreciating Vintage/Group Accounts 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. Enter the period through which you want to calculate depreciation. You must enter an integer between 1 and n, where n is the number of periods in the calendar template. Year Enter the year through which you want to calculate depreciation. Suppress Journal Entries If this check box is selected, journal entries are not created in the General Ledger module for this transaction. Note Federal Tax books do not send entries to the ledger. Since vintage/group accounts are always associated with a Federal Tax book, this check box is not used. |