Symptom

Making an adjustment to Accumulated Depreciation

Additional Information...

Changing theaccumulated depreciation on an installed asset.

Resolution

The Fixed Asset Adjustment process can be used to make adjustments to Installed Assets:

1) New Value Adjustment

2) New Salvage Value Adjustment

3) New Life Adjustment

4) New Accumulated Depreciation Adjustment

Navigate to the Fixed Asset module > Adjustments menu item.

Create an Adjustments batch.

Use the drop down on the "New" icon to pick the type of adjustment you would like to make.

Choose "New Accumulated Depreciation Adjustment".

Use the link to find the Fixed Asset you would like to make an adjustment on.

The adjustment window displays three sections -

1) the current value

2) the adjustment

3) the result of the adjustment

Enter the adjustment amount into the open field in the adjustment section. This will result in a change to the "Result of the Adjustment" section.

Double check to make sure the displayed amount is correct, enter a Tran Date and a Tran Description. Now save your change.

Continue through the batch process through the Commit step.