Mass Depreciation (tffam8230m000)

Use this session to specify a range of assets to depreciate. You can depreciate several assets together if they are in the same company. When computing depreciation, LN calculates and compares the new value to the existing value. The difference is recorded as the journal entry for that period.

Note:

LN calculates the depreciation amount as follows:

depreciation amount = transaction costs / asset life

If the costs in relation to the asset life are so low that after rounding off the amount according to the currency definition the depreciation amount approaches zero, the depreciation does not end. Depreciation transactions with zero amounts are created and the asset net book value is not decreased.

In order to obtain the assets you want to depreciate together, you enter values the criteria fields, or leave them blank to perform the transaction on all assets in LN.

For each book, LN first determines whether depreciation must occur. If depreciation has not occurred, based on evaluation of the last depreciation date, the transaction is processed for all periods up to the depreciation through date. You specify a period and year for depreciation to run through. If a prior period is specified, nothing occurs.

Field Information

Selection

Selection Range

Asset Number

asset number and asset extension

You specify the range of assets on which you want to perform mass depreciation.

Asset Extension

asset number and asset extension

You specify the range of assets on which you want to perform mass depreciation.

Category

If you want to depreciate a assets that share a category, specify the range of categories associated with the assets.

Subcategory

If you want to depreciate assets that share a subcategory, specify the range of subcategories associated with the assets.

Asset Book

The From and To fields define a range of: book codes.

Group

You specify the range of asset group codes associated with the assets on which you want to perform mass depreciation.

Other Selection Criteria

ITC Method: You specify the range of investment tax credit (ITC methods) associated with the assets on which you want to perform a mass transaction.
Automobile: If you select Selected, only those assets marked as Automobile will be depreciated. If you select Not Selected, only those assets that are not marked as Automobile will be depreciated. If you select N/A, the asset transaction will be performed regardless of the asset's classification.
Listed: If you select Selected, only those assets marked as Listed will be depreciated. If you select Not Selected, only those assets that are not marked as Listed will be depreciated. If you select N/A, the asset transaction will be performed regardless of the asset's classification.
New: If you select Selected, only those assets marked as New will be depreciated. If you select Not Selected, only those assets that are not marked as New will be depreciated. If you select N/A, the asset transaction will be performed regardless of the asset's classification.

Further Selection

Depreciation Code

depreciation code

You specify the range of depreciation methods associated with the assets on which you want to perform mass depreciation.

Property Type

You specify the range of property type codes associated with the assets on which you want to perform mass depreciation.

Vintage/Group Account

You specify the range of ADR vintage or MACRS group accounts associated with the assets on which you want to perform mass depreciation.

In Service Date

The From and To fields define a range of: in-service dates.

Current Quantity

You specify the range of current quantities shared by the group of assets on which you want to perform mass depreciation.

Net Book Value

You specify the range of net book values shared by the group of assets on which you want to perform mass depreciation.

Net Book Value

home currency

From the Tools menu, choose Rotate Currency to switch home currencies.

Distributions

Location: You specify the location account associated with the assets on which you want to perform mass depreciation. You might have up to eight location segments set up which define the physical location of an asset.

Depreciate Through

Depreciate Through

Year

Year through which depreciation will be calculated.

Default value

The default value is up to the current period.

Period

periods

Default value

The default value is 1 to the current period.

The period through which depreciation of the selected assets will be calculated.

Suppress Journal Entries

If this check box is selected, journal entries are not created in the General Ledger module for this transaction.

Print Error Report

If this check box is selected, an error report is printed.

Books to Depreciate

Asset Book: Specify the range of book codes to depreciate.

Note: The book codes you depreciate can be different from the ones used in the selection criteria panel.
Book Type: Specify the range of book types to depreciate.