| # 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, LN calculates and compares the new value to the existing value. The difference is recorded as the journal entry for that period. Note 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 LN. For each book, 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 Selection Selection Range 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. Category A classification or division of items. The classification can be by form, fit, or function. If you want to depreciate a assets that share a category, specify the range of categories associated with the assets. Default Subcategory If you want to depreciate assets that share a subcategory, specify the range of subcategories associated with the assets. Book Code The From and To fields define a range of: book codes. Group You specify the range of asset group codes associated with the assets on which you want to perform mass depreciation. Other Selection Criteria 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. Auto 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. Further Selection 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. Property Type Code You specify the range of property type codes 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 assets on which you want to perform mass depreciation. In-Service Date The From and To fields define a range of: in-service dates. 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 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 One of a company's base currencies in which 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. Distributions 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. Depreciate Through Depreciate Through Year Year through which depreciation will be calculated. Default value The default value is up to the current period. 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. 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. Books to Depreciate Book Code 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. |