Select System-Wide Method for Computing Depreciation
On the Configure Fixed Assets Settings screen, you can select one of two system-wide methods for computing depreciation "Catch-Up" amounts for prior periods missed in a current year (purchase year or fiscal year, as applicable). You can:
- SPREAD the "Catch-Up" amount among the remaining periods in the purchase year or fiscal year, as applicable; or
- ADD the "Catch-Up" amount to the amount computed for the current period.
These two system options are available for use regardless of the basis that you assign to a depreciation method (Date of Purchase or Fiscal Year). The default configuration for these options is to spread the "Catch-Up" amount among the remaining periods.
Parent Topic: Calculate Depreciation