Description of Issue

Useful life on an asset was lowered and existing depreciation on the asset needs to be updated

Context

Fixed/Capital Assets

Cause

Prior depreciation on an asset needs to be updated to reflect a change in estimated useful life, current book value, or depreciation principal

Resolution

In the Depreciation Recalculation program, click Define
Enter asset number
Populate any necessary changes in the Recalculation column and click Accept
1. Note that if changes were already made in Adjustments and Retirements, you may only need to enter the effective date to trigger the changes.
Click Recalc and review the proposed changes in the New Depreciation column
Click Post
In the Post Journal Confirmation pop-up window, click Yes, Post Journal

Additional Information

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