Restate Vintage/Group Account (tffam7273m000)
Use this session to recalculate depreciation that occurred in a prior period for the vintage/group accounts. Restate depreciation will locate the last depreciation transaction. If nothing is found, it will restate from the in-service date.
When you restate, LN calculates the new depreciation amount for each period and adjusts any previous depreciation transactions so that the depreciation transactions for each period sum to the new depreciation amount. LN looks for the date to depreciate and reverses to the effective date of the transaction, then restates from this point. Otherwise, LN reverses from the in-service date.
The periods in the General Ledger module must be open and the transactions for the prior period must not have been purged in order for recalculation of depreciation to occur. Functional capabilities must be identical to the standard restate depreciation in the Restate Asset Depreciation (tffam1206m000), except that depreciation occurs on only the ADR book for each asset in the selected vintage account.
Field Information
- Year / Period
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Year range through which depreciation will be restated. If the year is 0, then restatement will occur from the in-service date.
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periods
Period range through which depreciation will be restated. You must enter an integer between 1 and n, where n is the number of periods in the calendar template.
- Suppress Journal Entries
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If this check box is selected, journal entries are not created in the General Ledger module for this transaction.
Note: Federal Tax books do not send entries to the ledger. Since vintage/group accounts are always associated with a Federal Tax book, this check box is not used.