Record Asset Units Used (tffam1245m000)
Use this session to record or modify the current units used for corresponding books with a Units of Production depreciation method. You must record units used prior to running depreciation for any book that has a life in units. The number of units you enter is the new cumulative total of units used to the current date. LN uses this number to determine the units used since the last time depreciation was run.
If you enter a units used that is greater than the value of the asset's life in units, LN considers the asset fully used. If you leave a row blank, LN interprets this as zero units used. If you enter a number of units used that is equal to or greater than the current number of units the asset contains in any book, LN interprets this to mean that the asset is fully used in that book. The next time you perform depreciation, LN will fully depreciate the asset in that book only.
Field Information
- Asset
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The name of the asset for which you view units used information.
- Asset Extension
- Description
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The description or name of the code.
- Asset Book
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The book in which you are recording asset units used information.
- Previous
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Displays the total units used to date for the assets in the designated book from the Assets (tffam1500m000) session.
- Units Used To Date
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The number of units you enter is the new cumulative total of units used up to the current date. LN uses this value to replace the previous units used for the asset in all of its books. LN also records the Last Recorded Date. For example, if you want to increase the units used from 10500 to 10750, you must enter 10750 (rather than 250) as the new units used. LN then overwrites the previous value.
- Last Recorded Date
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Displays the last date Units by Book was recorded.
- Description
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The description or name of the code.