Asset Book Depreciation (tffam1215m000)

Use this session to indicate basic depreciation data for asset books. You depreciate assets by book when you want to record an asset's depreciation for one or more but not all of an asset's related books. When you depreciate assets by book, you indicate the period and year through which LN must calculate depreciation and the books in which depreciation must occur. LN determines which of the indicated assets and books are eligible for depreciation in the selected periods, then calculates the appropriate depreciation amounts.

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. Depreciaton transactions with zero amounts are created and the asset net book value is not decreased.

If the General Ledger module is closed for any of the periods, LN books the depreciation as one large transaction. If the General Ledger module is open, LN creates multiple transactions, one for each period.

If any of the selected assets contain a life in units in any of the assets' books, you must first run Record Asset Units Used (tffam1145s000) prior to depreciation. If you do not run the session, LN will assume no units are used and will increment the last depreciation date accordingly. When computing depreciation, LN calculates and compares the new value to the existing value. The difference is recorded as the depreciation transaction for that period.

Field Information

Period

The period through which depreciation will be calculated.

Allowed values

Integers between 1 and n, where n is the number of periods in the calendar.

Year

Year through which depreciation will be calculated.

Allowed values

Four-digit numeric values.

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.