Depreciation

Depreciations reduce the value of an asset for a particular depreciation period using the depreciation method set up on an asset's valuation record.

A depreciation period extends from the day after the last depreciation up to and including the date of the current depreciation. The depreciation date must be the end date of an accounting period.

If an expenditure or revaluation was recorded during the depreciation period, the system generates two depreciation records: one for the time leading up to the revaluation/expenditure and one for the rest of the period. When Infor Public Sector calculates depreciation for the asset, it creates a separate depreciation record for the capital expenditure, starting the day after the previous depreciation calculation and ending on the day prior to the completion of the work order.

The system can also be configured to calculate depreciation for expenditures and revaluations from prior periods that have already been depreciated.

See Depreciation for back-dated activities.