Enter Asset Management History

You can enter accumulated depreciation amounts for each asset item during the current and prior year.

To enter accumulated depreciation amounts for your asset items:

1. On the Navigation menu, click Utilities > History Loading > Asset Management.
2. On the Asset Management History form, open the equipment item record that you want to update.
3. Select the prior or current fiscal period for the equipment item.
4. Enter the asset item's prior accumulated depreciation amount for the General Ledger book.
5. If additional books are defined, enter the asset item's prior accumulated depreciation amount for each book. DPS sums the amounts entered for each book. When you run depreciation processing, DPS calculates the history entered using the fiscal period (current or prior year) you have selected and the General Ledger and additional book amounts. It then subtracts this amount from the equipment item's cumulative depreciation amount to derive the total depreciation for the item.

   You can view a summary of each asset item's depreciation history on the History tab in Asset Management > Asset Review.

6. Click Save.