Depreciation Close

Depreciation Close is used to transfer fixed asset values, which are revaluated with inflation accounting at a certain date, to the Standard Depreciation Table.
To do so, you use Depreciation Close option located under Asset Management > Operations menu.
Depreciation close can be performed on the selected asset cards or records using filters. These filters are:

The Month and Year parameters specify the date, which is the basis of the closing transaction. The closing is performed by processing the depreciation line of the inflation table of this date.
The following points should be considered when performing depreciation close:

• Depreciation close cannot be performed for any other date then those specified in the month and year fields of the records in depreciation table. In other words; the month and year filters of the depreciation close operation must match the month and year values in the depreciation table. Otherwise, "Transaction Complete" message will be displayed but the table will not be closed.
• When the date of a closing transaction is entered in filters for a new closing transaction, the related records are scanned according to the filters entered and the depreciation table lines of fixed assets (which are not closed on that date) are closed.
• Values occurred on the closing date are displayed in italics in the closing line.
• The algorithm used for the inflation accounting depreciation tables report will be applied as is to calculate the "Post-Adjustment" values displayed on the closing line.
• When the depreciation table is recalculated after the closing transaction, table values before the closing transaction date will no longer be processed, and future calculations will be performed using the values in the depreciation close line.
• Depreciation close operation can be undone, allowing depreciation calculations for depreciation records before the closing date.
• Closing values can be changed using "Closing Value Update" window located in the right-click menu of the Depreciation Table closing line. The following values can be changed:

• • Total Cost
  • Fixed Asset Value (Before Rev.)
  • Accumulated Depreciation (Before Rev.)
  • Book Value (Before Rev.)
  • Fixed Asset Value (Post-Rev.)
  • Accumulated Depreciation (Post-Rev.)
  • Book Value (Post-Rev.)
  • Value Increase Fund
  • Yearly Depreciation
  • Total Accumulated Depreciation
  • Book Value (EOY)
  • Periodic Depreciation
  • Periodic Accumulated Depreciation Revaluation
  • Periodic Active Revaluation

• In case there are depreciation lines left after the closing transaction, when you enter values in the closing line, system automatically updates depreciation calculations after the closing line according to the new closing values.