Hold from Depreciation

Explanation

This activity is used when an object has to be hold from depreciation for a specified period. For example, if an object is undergoing a significant maintenance repair or object is pulled from service, you may need to stop the depreciation until the asset is back in production process.

Prerequisites

In order to perform this activity, the object for which you want to hold depreciation must be connected to at least one book.

System Effects

When you run the depreciation proposal/depreciation plan, the depreciation will not be calculated for objects that are on hold, such objects will have zero depreciation amounts for the respective period.

Window

Object

Related Window Descriptions

Hold from Depreciation, Objects Hold from Depreciation

Procedure

Using Hold from Depreciation window:

  1. Open Object window, and query for the fixed asset object for which you want to hold depreciation.
  2. Open the Books tab and select a book, right-click and then click Hold From Depreciation to open the Hold From Depreciation dialog box.
  3. Enter the date from which the object is to be hold from depreciation in the From Date field and enter the date until which the object is to be hold from depreciation in the Until Date field.
  4. Enter comments (if any) in the Comments field.
  5. Click OK to close the dialog box.

Using Objects Hold from Depreciation window:

  1. Open Object Hold from Depreciation window and create a new record.
  2. Enter the ID of the Object and the ID of the Book for which the depreciation should be hold.
  3. In the From Date field enter the date from which the depreciation should be hold.
  4. In the Until Date field enter the date until which the depreciation should be hold.
  5. Save the information.