Restating Depreciation for Asset Books

You restate depreciation by book when you want to recalculate depreciation that occurred in a prior period for one or more of an asset's related books. You can also restate depreciation for all of an asset's related books at once. For more information, see the Restating Depreciation for Assets topic.

When you restate, you must specify the period and year range for which you want to restate depreciation. LN recalculates the depreciation for each selected asset book.

Before recalculating depreciation, 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.

You cannot recalculate depreciation in the ADR book for any asset that belongs to a vintage/group account. To recalculate depreciation in the ADR book for these assets, you must use the Restate Vintage/Group Account (tffam7273m000) and restate depreciation for the account to which the asset belongs. For more information, see the Restating Vintage/Group Accounts topic.