Change depreciation conventions for multiple fixed assets
This task updates the depreciation convention for a specified fixed asset group. This task guide uses the USMF demo company.
- Go to Fixed assets > Periodic tasks > Mass update.
- In the Depreciation book field, click the drop-down button to open the lookup.
- In the list, click the link in the selected row.
- In the Placed in service start field, enter a date.
- 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.
- In the Current depreciation convention field, select an option.
- Only assets that have the current depreciation convention will be updated.
- In the New depreciation convention field, select an option.
- Verify the report will print to the desired destination.
- Expand the Records to include section.
- Click Filter.
- In the list, select the Fixed asset group.
- In the Criteria field, click the drop-down button to open the lookup.
- Select the desired Fixed asset group.
- In the list, click the link in the selected row.
- Click OK.
- Click OK.
- Results of the process are shown on the Mass update report.
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