The option used to update the inflation accounting parameters. This option is located under the Operations menu of the Fixed Asset Management section. The update transaction updates the depreciation durations and rates in batches. The update method is specified on the filter lines. The filter options and relative values are as follows:
Filter | Value |
|---|---|
Fixed Asset Code | Group / Range |
Fixed Asset Record Code | Group / Range |
Purchase Date | Start / End |
Depreciation Duration | Change / Do Not Change |
New Depreciation Duration | New depreciation duration entry |
Depreciation Rate | Change / Do Not Change |
New Depreciation Rate | New depreciation rate entry |
Pro-rata Depreciation | Yes / No / Do not Change |
Once conditions are set on the filter lines, the update is started by clicking "OK" button. At the end of the transaction, the inflation accounting parameters are updated for fixed assets matching the conditions set on the filter lines.