Change depreciation conventions for multiple fixed assets

Note

We will not be accepting edits to this topic, because it is generated from a business process in Lifecycle Services.

This task updates the depreciation convention for a specified fixed asset group. This task guide uses the USMF demo company.

  1. Go to Fixed assets > Periodic tasks > Mass update
  2. In the Depreciation book field, click the drop-down button to open the lookup.
  3. In the list, click the link in the selected row.
  4. In the Placed in service start field, enter a date.
  5. In the Placed in service end field, enter a date.
    • Only assets that are a part of the select depreciation book and that have been placed in service between these dates will be updated.
  6. In the Current depreciation convention field, select an option.
    • Only assets that have the current depreciation convention will be updated.
  7. In the New depreciation convention field, select an option.
    • Verify the report will print to the desired destination.
  8. Expand the Records to include section.
  9. Click Filter.
  10. In the list, select the Fixed asset group.
  11. In the Criteria field, click the drop-down button to open the lookup.
  12. Select the desired Fixed asset group.
  13. In the list, click the link in the selected row.
  14. Click OK.
  15. Click OK.
    • Results of the process are shown on the Mass update report.