Skip to content
logo Knowledgebase

Depreciation this run is too high

Created on  | Last modified on 

Summary

Steps to correct the Depreciation This Run amount on reports or assets.

Cause

Depreciation This Run is defined as the amount of depreciation from the last depreciation run, represented by the Prior Thru Date, of the asset to the current depreciation run date of the asset, represented by the Current Thru Date.

If Prior Thru Date on the asset is incorrect or blank, the amount for Depreciation this Run will be incorrect. This can occur when running depreciation to a prior period, running depreciation with Force recalculation checked, or if a disposal date is in the same month or prior to an asset’s Current Thru Date.

Resolution

  1. In Sage Fixed Assets go to Depreciation, Depreciate.
  2. Select the desired Group.
  3. Select the Book(s) you are working with, enter the date of the prior period, click OK.
    Note: Only select Force Recalculation if:
    • The Fiscal Year End changed
    • You added a Short Year to the Company
    • You used the 168 Allowance Switch to apply/undo 168 Allowance
    • You used the MARCS Convention Switch to apply/remove the Mid-quarter Convention
  4. When calculations are complete, if a report appears it should be ignored. While the Total Accumulation should be correct, it will still show Depreciation This Run with a high amount.
  5. Using the same Group, Book, and Run options, enter the Date for the current reporting period, click OK.

Note: if the asset is subject to immediate adjustment, this could cause adjustments taken in a recent period to be taken in a prior period. To check adjustment settings, go to File, Edit CompanyBook Overrides Tab.

Chat with support


Related Solutions

Asset is missing from depreciation expense report
How to run Depreciation
What is depreciation this run?