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Fixed Asset Depreciation

Angie

Active Member
We are setting up 13 accounting periods but we only want to depreciate fixed assets over 12 periods. How does this work?
 

loriw

Active Member
We had the exact same problem, you need to change your normal number of
periods for the company to 12 and then it will depreciate on 12 periods.

Lori Waybright
Inland Empire Paper

>
 

Mike Dupaix

VIP Member
Angie,

In the calculate depreciation processing options, you can specify the depreciation through date, the depreciation period or leave the date fields blank. As you want to depreciate assets over a 12 month period, you should create 12 versions and specify the depreciation through date in the processing option for each depreciation period, then lock these versions down so the dates will not be inadvertently changed. The expense will post to the GL based on the date entered.

> We are setting up 13 accounting periods but we only want to depreciate fixed assets over 12 periods. How does this work?


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Mike Dupaix
JDE Certified Professional
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crownjde

Member
Yes it does work for 12 periods. Remember that you
depreciate on a monthly basis. As long as you go
through the year end process after the 12th month,
everything will be ok. The 13th accounting period
should be used for year end accounting journal entries
only and should not be used as a period type of month
for depreciation.



--- Angie <angie.williams@tycofp.com> wrote:
> We are setting up 13 accounting periods but we only
> want to depreciate fixed assets over 12 periods.
> How does this work?
>
>
> --------------------------
> Visit the forum to view this thread at:
>
http://198.144.193.139/cgi-bin/wwwthreads/showflat.pl?Cat=&Board=OW&Number=2877
>
>
*************************************************************
> This is the JDEList One World / XE Mailing List.
> Archives and information on how to SUBSCRIBE, and
> UNSUBSCRIBE can be found at http://www.JDELIST.com
>
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Angie,

When setting up the depreciation rules in Fixed Assets
setup, I beleive beginning with B73.3.2, there is an
option to assign a deprec rule to a separate fiscal
calendar - one other than the company level fiscal
calendar.

I hope this helps -

Craig
--- Angie <angie.williams@tycofp.com> wrote:
> We are setting up 13 accounting periods but we only
> want to depreciate fixed assets over 12 periods.
> How does this work?
>
>
> --------------------------
> Visit the forum to view this thread at:
>
http://198.144.193.139/cgi-bin/wwwthreads/showflat.pl?Cat=&Board=OW&Number=2877
>
>
*************************************************************
> This is the JDEList One World / XE Mailing List.
> Archives and information on how to SUBSCRIBE, and
> UNSUBSCRIBE can be found at http://www.JDELIST.com
>
*************************************************************
>
 
The period setting in the company master controls depreciation (Field
CALD)on menu G09411. Change this field to 12.

Greg


>From: Angie <angie.williams@tycofp.com>
>Reply-To: jdelist@jdelist.com
>To: jdelistml@jdelist.com
>Subject: Fixed Asset Depreciation ~~0:2877
>Date: Mon, 18 Dec 2000 12:39:11 -0800 (PST)
>
>We are setting up 13 accounting periods but we only want to depreciate
>fixed assets over 12 periods. How does this work?
>
>
>--------------------------
>Visit the forum to view this thread at:
>http://198.144.193.139/cgi-bin/wwwthreads/showflat.pl?Cat=&Board=OW&Number=2877
>*************************************************************
>This is the JDEList One World / XE Mailing List.
>Archives and information on how to SUBSCRIBE, and
>UNSUBSCRIBE can be found at http://www.JDELIST.com
>*************************************************************
>

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