Overriding annual depreciation

During the last period of the year, you can override the calculated annual depreciation. This option is applied by asset book and company on an asset-by-asset basis.

  1. Select Close Processing > Annual Depreciation Override.
  2. To search for an asset record, specify this information:
    Company
    Select a company number.
    Asset
    Optionally, specify an asset type.
    Description
    Optionally, specify the description of the asset.
    Life in Years
    Optionally, specify the asset life in years. This field is calculated.
    Years In Service
    Optionally, specify the number of years that the asset has been in service. This field is tracked by the process.
    Salvage Value
    Optionally, specify the salvage value of the asset at the end of the asset's life.
    Year To Date
    Optionally, specify the year-to-date depreciation.
    Override Amount
    Optionally, specify the override amount.
  3. Open an asset record to override the fields from Asset Book.