Alternate Depreciation Overview
Alternate Depreciation tracks a second depreciation amount on
rental equipment, for tax and management purposes.
When rental equipment is entered using Add
Rental Products the alternate depreciation information can be
setup on the Fixed Asset Tag in the window
on the Alternative Book Value.
There are the same fields as the standard Asset Tag, except that
these fields are for the Alternative Depreciation information.
This information is updated whenever equipment is transferred (from
rental to sale, or External Branch), additions are made, or
equipment is disposed or when an Alternate
Depreciation run is accepted.
The Alternative Accumulated Depreciation amounts are updated
when Alternate Depreciation is run.
The Alternative Depreciation does NOT post to the General Ledger,
however, the Alternative Depreciation information is used on the
following reports:
The process of calculating the Alternative Depreciation is
identical to the standard depreciation run.
Refer to the Depreciation Overview for
details on this feature.
The utilities for Alternate Depreciation include:
ACTIONS:
Additional actions provided by buttons on
the Calculate Alternate Depreciation screen include:
Review Processed Alternate Depreciation Calculation
Records:
Click the HISTORY button to view Depreciation records
that have already been processed as outlined in Review Alternate Depreciation History.
Print and Post the Alternate Depreciation
Information:
Click the REPORT/POST button to generate the report,
as outlined in Print Alternate Depreciation
Report.
A printer can be confirmed or re-selected from the Printer option
located on the menu bar at the top of the screen.
When the report is accepted the depreciation values are updated in the Inventory sub-ledger.
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