How to change depreciation method on asset
Description of Issue
How to change depreciation method on asset
Context
Fixed/Capital Assets
Cause
Wrong value was chosen for depreciation method when asset was created.
Resolution
- In Adjustments and Retirements, pull up asset and click Transactions.
- Select Adjustment.
- On Adjustment screen, click Update.
- Modify depreciation method, select reason code, enter effective date, and click Accept.
- Click Output/Post.
Additional Information