How to change depreciation principal on an asset
Description of Issue
How to change depreciation principal on an asset
Context
Fixed/Capital Assets
Cause
Depreciation principal was accidentally left blank when asset was created
Resolution
- In Adjustments and Retirements, pull up asset and click Transactions.
- Select Adjustment.
- On Adjustment screen, click Update.
- Enter the net change in the Change column for the depreciation principal field and confirm that the Adjusted amount is the correct new total.
- Select reason code, enter effective date, and click Accept.
- Click Output/Post.
Additional Information