Skip to content
logo Knowledgebase

What is depreciation this run?

Created on  | Last modified on 

Summary

This article provides information on how the system calculates Depreciation This Run (DTR) amounts on assets and reports.

Resolution

Depreciation This Run is the amount of depreciation from the last time depreciation calculated (Prior Through Date) through the current depreciation calculation date (Current Through Date).

The Depreciation Expense Report includes dates to help determine what the amount in the DTR column represents.

  • There is an 'As of' date at the top of the report page which indicates the current depreciation calculation date
  • There is a column named 'Prior Thru' which stands for 'Prior Through Date.' This Prior Thru date represents the last time depreciation calculated before the current run

Example: The asset's last depreciation calculation date was December 2021 and depreciation is run for January 2022. The amount shown in the DTR column will represent one month's (January) depreciation. On the Depreciation Expense report:

  • The 'As of Date' would show January 2022 on the report. This indicates the current calculation date
  • The 'Prior Thru' column would show 12/2021
  • By looking at these two dates, you can determine the number of months of depreciation the DTR column represents

If you determine the DTR column includes depreciation for more months than desired (the Prior Thru column is blank or incorrect):

  1. Run depreciation for one period before the target period.
    Note: Ignore the Depreciation This Run amounts on this report. Because we are running to a past period, there is no Prior Thru Date to use
  2. Run depreciation for the target period. A period can be Monthly, Quarterly, or Yearly.

Note: This article assumes the assets are still active and are not taking adjustments due to adjustment conventions. If the asset is subject to immediate adjustment, this could cause adjustments taken in a recent period to occur in a prior period.


Chat with support