Fixed Asset Depreciation Posting

Use this form to post the depreciation transactions to the Fixed Assets Distribution Journal. The journal then posts the calculated depreciation for the period to the General Ledger. The system posts depreciation only for Regular and Active assets.

The system performs these tasks for each depreciation schedule:

For each asset, sets the number of units depreciated, accumulated depreciation, and year-to-date depreciation.
Clears the current depreciation,
Posts the current depreciation to the Fixed Assets Distribution Journal.

Note: Depreciation Schedules are user-defined in the Fixed Asset Parameters form. You can have up to four different ways of depreciating an asset, one for each of the defined schedules.