This option is a batch operation used to update depreciation parameters that are specified under the Fixed Asset tab of Asset cards for all Asset types. Update Depreciation Parameters menu option is located under the Operations menu of Asset Management. It updates depreciation durations and rations collectively. Update filters are:

Filter

Value

Parameter to Be Updated

Depreciation Parameter / Alternative Parameters / Depreciation Parameters (IFRS)

Asset Code

Group / Range

Asset Description

Group / Range

Asset Category

Real Estate / Transport Vehicle / Equipment / Other Asset

Purchasing Date

Group / Range

Purchasing Period

Will be Changed / Will Not Be Changed

New Depreciation Period

Value entry

Depreciation Rate

Will be Changed / Will Not Be Changed

New Depreciation Rate

Value entry

Partial

Yes / No / Will Not Be Changed

Org. Unit Code

Group / Range

Org. Unit Code Description

Group / Range

Asset Status

Unavailable / Available / Allocation


Parameters which should be updated are selected in Parameters to Be Updated line. Group or definition filter option is used in filter lines.
If depreciation durations or rates should be changed, it is specified in filter lines and new depreciation values are entered.
Click Apply button to update asset depreciation parameters (complying with filter values) collectively, so that depreciation calculations can be done over new rates and durations for the updated assets.