Restating Depreciation for Assets

You restate asset depreciation when you want to recalculate depreciation that occurred in a prior period for all of an asset's related books. For example, if you import an asset into LN but you did not import its transactions, you may want to restate depreciation for the entire asset for the last year. You can also restate depreciation for an asset in one or more of its related books. For more information, see the Depreciation Journals topic.

When you restate, you must specify the period and year range for which you want to restate depreciation. If you keep the default value (1/0000) in the From period and year, depreciation is restated from the in-service date. LN recalculates the depreciation for each asset in its ADR book for the period you specify.

LN reverses any depreciation that was calculated starting from the From period you specified. Depreciation is then (re)calculated up to the specified To period. The new depreciation transactions are posted in the period range you specified, replacing the old transactions that were reversed.