Asset is not depreciating - Due to incorrect LTD accumulated depreciation on conversion file
Description of Issue
- Asset is not depreciating
- No results returned in Depreciate Assets when defining for valid, Active assets
Context
Fixed/Capital Assets
Cause
Asset was fully depreciated when converted, but LTD accumulated depreciation field on conversion file was accidentally populated with an amount less than the depreciation principal
Resolution
- Process an Adjustment transaction to reduce the periods taken by one period
- Use Depreciate Assets to get the asset caught back up on depreciation in the one remaining period
Additional Information
Refer to Master Article - Asset is not depreciating for other reasons an asset may not be depreciating