Costpoint Online Help

Using the Help Search
Using the Help Search
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Compute Projected Depreciation

Use this screen to calculate depreciation expense for future fiscal years/periods for currently owned assets and/or projected purchases, by book.

You can select records for inclusion by depreciation expense account allocation code or by specific depreciation expense account/organization/project. You can additionally select one asset/item number, a range of asset/item numbers, or all asset/item numbers for the calculation. The methodology for projected depreciation calculations is the same as for current period depreciation. The same type of validations and data requirements exists for both types of calculations. Please refer to Related Topic, Calculate Depreciation, for additional information.

Once calculations have occurred, you can view the results in the View Projected Depreciation Expense table window.

You can print the results using a variety of selection criteria by running the Print Projected Depreciation Report.

You can also enter estimated future asset purchases on the Manage Projected Asset Purchases screen and include them on the process run on this screen, Compute Projected Depreciation, as desired. In addition, you can enter estimated disposals of currently owned assets in advance of their stated useful life and include them in the process run on this screen, as desired.

You can compute projected depreciation at any time. To maximize calculation efficiencies when you have large numbers of assets, books, and/or fiscal years/periods for which future depreciation is to be re-calculated, you can select one of two computation options:

  • You can clear all previously computed projected depreciation from the permanent table and replace it with entirely new data when a new computation is executed from this screen. For this option, you should make sure that the Clear all existing data from this table prior to computing check box is selected.
  • You can replace only existing table data with new calculation data and/or insert new calculation data that did not previously exist into the permanent table. If a significant portion of your projected depreciation data was previously computed and the selection criteria for this computation are not significantly different from the previous calculation, this option may reduce the system calculation time. For this option, you should make sure that the Clear all existing data from this table prior to computing check box is clear.

If you compute future depreciation for projected purchases, you should first enter estimated future purchases on the Manage Projected Asset Purchases screen before running this process.

If you plan to compute future depreciation for currently owned assets that will be disposed of in advance of their stated useful life, you should first enter estimated future disposals on the Manage Projected Asset Disposals screen before running this process.