Prior Depretiation Field

[pasuh]

What is the fucntion of the Prior Depretiation Field and does it affect the overal depreciation when its included?

[admin]

Hi, it is used if you have an asset that has been depreciated a certain amount prior to a depreciation schedule being started for the asset in AssetManage.

For example, perhaps the asset is not newly purchased and was depreciated using a different method for a couple years. You can then enter the prior depreciation amount and then start depreciating the asset using the defined AssetManage depreciation inputs.

[pasuh]

Does the value entered in the field affect the final depreciated amount? will it be considered for the depreciation value from there onwards?

[admin]

It is considered the total depreciation that has occurred on that asset as of the date specified.

The program takes that value and date and computes further depreciation based on that value.

[Guest Stephen]

Hi,

Is it possible to get report for fully depreciated assets?

[admin]

Hi, we just put up a new build that should properly show fully depreciated assets using the Depreciation Report feature under the REPORTS menu.  

Or do you need a report that shows ONLY fully depreciated assets?  We can do that and add it to the program in the near future.