Mass Restate Depreciation (tffam8231m000)

Use this session to recalculate or restate depreciation for multiple assets. You restate asset depreciation when you want to recalculate depreciation that occurred in a prior period for assets or an asset in one or more of its related books. When you restate, LN calculates the new depreciation amount for each period and adjusts any previous depreciation transactions, so the sum for each period is the new depreciation amount. You can mass depreciate only one company at a time.

In order to obtain the assets you want to restate depreciation 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. 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: 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.

Field Information

Asset Number

The From and To fields define a range of: asset numbers.

Asset Extension

The From and To fields define a range of: asset extensions.

Category

The From and To fields define a range of: categories.

Subcategory

The From and To fields define a range of: subcategories..

Asset Book

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

Group

Y The From and To fields define a range of: asset groups.

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 option:

  • 'Yes', only those assets marked as Automobile in the Assets (tffam1500m000) session will depreciate.
  • 'No', only those assets that are not marked as Automobile in the Assets (tffam1500m000) session will depreciate.
  • 'All', the transaction will be performed regardless of the automobile status.
Listed

.

If you select

  • Yes, only those assets marked as Listed in the Assets (tffam1500m000) session will depreciate.
  • No, only those assets that are not marked as Listed in the Assets (tffam1500m000) session will depreciate.
  • All, the transaction will be performed regardless of the listed status.
New

If you select Yes, only those assets marked as New in the Assets (tffam1500m000) session will be restated. If you select No, only those assets that are not marked as New in the Assets (tffam1500m000) session will be restated. If you select All, the transaction will be performed regardless of the New status.

Depreciation Code

depreciation method

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

Property Type

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

Vintage/Group Account

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

In Service Date

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

Default value

The current date.

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

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

Net Book Value in home currency

The book value of the asset in home currency.

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

Location

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

Year / Period

Year through which depreciation will be restated.

Default value

The default value is set to the current year.

/

periods

Default value

The default value is set to the current period.

Period through which depreciation of the selected assets will be restated.

Suppress Journal Entries

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

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

Asset Book

Specify the range of book codes to restate depreciation.

Note: The book codes you restate depreciation can be different from the ones used in the selection criteria panel.
Book Type

Specify the range of book types to restate depreciation.

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