Adjusting Accumulated Depreciation Concept Adjusting Accumulated Depreciation Adjusting
- Slides: 21
Adjusting Accumulated Depreciation Concept
Adjusting Accumulated Depreciation
Adjusting Accumulated Depreciation Step 1 Begin by navigating to the Depr Accum Adjustment page. Click the Scroll Down arrow.
Adjusting Accumulated Depreciation Step 2 Click the Asset Management menu.
Adjusting Accumulated Depreciation Step 3 Click the Depreciation menu.
Adjusting Accumulated Depreciation Step 4 Click the Processing menu.
Adjusting Accumulated Depreciation Step 5 Click the Adjust Accumulated Depr menu.
Adjusting Accumulated Depreciation Step 6 Click in the Asset Identification field.
Adjusting Accumulated Depreciation Step 7 Enter the desired information into the Asset Identification field. Enter "00000104".
Adjusting Accumulated Depreciation Step 8 Click the Search button.
Adjusting Accumulated Depreciation Step 9 Use the Depr Accum Adjustment page to make adjustments to the accumulated depreciation. You need to adjust each book separately.
Adjusting Accumulated Depreciation Step 10 Use the Trans Date field to display the date of the transaction for adjusting accumulated depreciation.
Adjusting Accumulated Depreciation Step 11 Use the Acctg Date field to display the date when the transaction is posted to the general ledger.
Adjusting Accumulated Depreciation Step 12 Click in the Depr Accum Adjustment field.
Adjusting Accumulated Depreciation Step 13 Use the Depr Accum Adjustment field to specify the accumulated depreciation adjustment amount. Enter the desired information into the Depr Accum Adjustment field. Enter "20".
Adjusting Accumulated Depreciation Step 14 Click in the Year to Date Depr Adjust field.
Adjusting Accumulated Depreciation Step 15 Use the Year to Date Depr Adjust field to specify the accumulated depreciation adjustment amount. Enter the desired information into the Year to Date Depr Adjust field. Enter "20".
Adjusting Accumulated Depreciation Step 16 Click the Save button.
Adjusting Accumulated Depreciation Step 17 When adjusting accumulated depreciation, you need to ensure that each book is adjusted separately. View the adjustments made to the accumulated depreciation. Click the Asset Depreciation link.
Adjusting Accumulated Depreciation Step 18 Use the Period Depreciation page to view the adjustments made to the accumulated depreciation.
Adjusting Accumulated Depreciation Step 19 You have successfully adjusted the accumulated depreciation amount of an asset. End of Procedure.
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