To Depreciate an Asset

To depreciate one asset or multiple assets, you use the Calculate Depreciation (FA502000) form.
Note: Before you report the depreciation of the assets, you can calculate the depreciation amounts by using the Calculate Only option available in the Action box. You can review calculated amounts for the selected asset on the Depreciation tab of the Fixed Assets (FA303000) form.

To Depreciate One or Multiple Assets

  1. Open the Calculate Depreciation (FA502000) form.
  2. In the To Period box, specify the financial period that ends the period range for which you want to depreciate assets.
  3. In the Action box, select Depreciate.
  4. In the Branch box, specify the branch of the organization whose assets you want to depreciate.
  5. Optional: In the Asset Class box, select an asset class, so that assets of this class only will be filtered for depreciation.
  6. Optional: In the Parent Asset box, select a parent asset if you want to depreciate the components of a particular asset.
  7. Optional: In the Book box, select a book to depreciate the assets associated with the particular book.
    Note: The depreciation would be reported in all the books associated with the asset.
  8. To depreciate only particular assets, select the check boxes next to required assets in the table, and click Process on the form toolbar.
  9. To depreciate all assets listed in the table, click Process All on the form toolbar.
  10. Release the resulting transactions as directed by your company's workflow. For more information, see To Release Fixed Asset Transactions.