Mass Asset Depreciation

You mass depreciate assets to record the loss of value on a periodic basis for a large number of assets at one time. You can depreciate an asset at any time after capitalization and prior to full disposal or the removal of capitalization. Only vintage and group account assets can accumulate depreciation after they have been disposed.

You can record mass depreciation for values associated with assets or with specific books related to the assets. For information about depreciating specific books, see the Depreciating Asset Books topic.

For each book selected, LN first determines whether it is time to depreciate. It does this by looking at the depreciation frequency and the last depreciated date. If it is a period in which the asset book is supposed to depreciate, and no depreciation has already occurred in this period, LN passes the necessary depreciation information to the depreciation process.

Example

The frequency indicates that the asset was supposed to depreciate in January, February, and March and it is now currently April. LN then checks the last depreciation date to see whether depreciation has been run through March. If not, it runs depreciation for all remaining periods.

If the ledger is closed for any of the periods, LN processes the depreciation as one large transaction to the current period, but if the ledger is open, one transaction for each period is created. Depreciation is calculated through the end date of the period selected.