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
  1. Process an Adjustment transaction to reduce the periods taken by one period
  2. 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