Future depreciation impact of adjusting capital asset values



Description of Issue

What is the impact of adjusting the acquisition cost and depreciation principle of a capital asset that has already been depreciated?



Context

Capital Assets



Cause

Informational



Resolution

Future depreciation processing will either be increased or decreased depending on how the asset values were adjusted:

  • If asset has value increased, expect depreciation processing values to increase

  • If asset has value decreased, expect depreciation processing values to decrease



Additional Information