Asset is not depreciating - Due to useful life
- Knowledge Assistant
Owned by Knowledge Assistant
Description of Issue
- Asset depreciation processing for zero dollars
- Asset pulling in for depreciation after it was already processed for that year/period
Context
Fixed/Capital Assets
Cause
Useful life was updated to a lower number and the asset had already been depreciated for more periods than existed in the new useful life
Resolution
Use the How to use the Depreciation Recalculation program to update the depreciation amounts to reflect the new useful life
Additional Information
Refer to Master Article - Asset is not depreciating for other reasons an asset may not be depreciating