| Asset Adjustment RestrictionsThere are several restrictions to the type of adjustments you
can make: - You cannot adjust a
positive or negative cost for an asset past zero dollars.
- You cannot adjust a
positive or negative cost, salvage value, or accumulated depreciation for an
asset past zero dollars.
- The net book value that
results from adjustments to cost, salvage value, and/or accumulated
depreciation cannot go past zero dollars.
Adjustments can have the following effects: - If you change from a
depreciation method that contains an embedded life to a depreciation method
that does not, you must also enter a value in the Life field
so that LN can accept the adjustment.
- If you adjust the cost
on an asset that depreciates by using modified accelerated cost recovery system (MACRS) table rates, LN will switch to a MACRS formula
calculation for all future depreciation.
- If the asset is in a vintage/group account, you
cannot adjust the life, method, frequency, or the setting of the Depreciate Below Salvage check box in the ADR book or select or clear
the New check box. Use the Adjust Vintage/Group Account (tffam7271m000) session to make these changes.
Any changes you make to cost, accumulated or year-to-date depreciation, or
salvage value will also be changed for the account.
- If you adjust the Current Cost field in the Asset Book Adjustment (tffam1214m000) session, you will effect the results of
running the Asset Book Revaluation (tffam3200m000) session.
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