Repercussions of Asset Depreciation Re-run
Published on
January 30, 2024 at 8:01:02 AM PST January 30, 2024 at 8:01:02 AM PSTth, January 30, 2024 at 8:01:02 AM PST
Scenario
User wants to know what are the repercussions when performing an asset depreciation re-run in case additional Asset Record is created for same time period.
Solution
1. Depreciation History will not duplicate
Note: If Assets have already been depreciated from January to December of the current year and another Asset Depreciation is run, Fixed Assets > Background Processing > Status page will show Process Status = Completed, 0 Records Processed.
2. Assets will be updated up to the Depreciation Period entered in Fixed Assets > Transactions > Asset Depreciation page
3. Another Journal Entry will be created by the system for those Assets which were not depreciated yet