Important Information before you begin

• This isn’t a depreciation 'undo', and you must reverse for clearing disposals or Beginning Dates from assets.
• If you’re looking to redo depreciation for a period, see Depreciation this run is too high.
• Create a backup before proceeding. This process can impact multiple assets and remove Beginning Dates from past adjustments. 

For a Single Asset

1. Go to Asset, Asset List.
2. Select the Asset Detail view.
3. From the menu, select Depreciation, Reset Depreciation.
4. Select the books to reset.
5. Select Placed-in-Service Date, Beginning Date, or Period Close Date:
   • Placed-in Service Date will reset the Current Through Date completely. This will clear any Beginning Date, and Period Close Date information.
   • Beginning Date will reset Current Through Date to the Beginning Date. This will remove Period Close data.
   • Period Close Date will reset the Current Through date to the last Period Close Date.
6. Optional: Select Clear the Mid-Quarter convention if desired.
    NOTE: This will affect MACRS Assets only. 
7. Click OK.
8. Go to Depreciation, Depreciate to calculate depreciation on the asset again.

For a group of assets

1. Create a group of assets to reset.
   • See How to create a group
2. Select the group in the Asset List view.
3. Go to Edit, Select All.
4. Go to Depreciation, Reset Depreciation.
5. Select the books to reset.
6. Select Placed-in-Service Date, Beginning Date, or Period Close Date:
   • Placed-in Service Date will reset the Current Through Date completely. This will clear any Beginning Date, and Period Close Date information.
   • Beginning Date will reset Current Through Date to the Beginning Date. This will remove Period Close data.
   • Period Close Date will reset the Current Through date to the last Period Close Date.
7. Optional: Select Clear the Mid-Quarter convention if desired.
    NOTE: This will affect MACRS Assets only. 
8. Click OK.
9. Go to Depreciation, Depreciate to calculate depreciation on the asset again.