Annual Projection Report Question

Question

I am running the Annual Projection Report for Internal Book for 33 years. At that time, all current assets should be fully depreciated. I would expect that the total depreciation would tie to my current Net Book Value, but that is not the case. I ran the monthy depreciation projection report for 2016, and the current YTD depreciation ties to the current YTD depreciation on the FA Summary Report. 
 What would cause the projection report to not tie to current NBV? 
 Is there a way to fix it

Delray · Answer

Hello Anne, 
 
With Depreciation ran through a current period, I am unsure what you are trying to compare. The NBV report is non-date sensitive which is only pulling data based on the Current Through date in each asset, whereas the Projection reports are calculating reports based on the critical depreciation fields and ignoring the current calculated depreciation. 
 
Of course, if you ran depreciation to that point 33 years in the future and then run the NBV report, then you would have a point of comparison, but without running depreciation to various date I would not expect any of the Standard reports to tie to a projection.

Delray · Answer

Yes, it does. Then you will be looking at the Depreciation Adjustment report – since your missing depreciation is most likely hidden on the under-depreciated assets.

Delray · Answer

To deal with under depreciated asset we normally recommend change the Depreciation Method to RV for those assets as being the safest way to deal with those. 
 
 As for the rest &ndash; I really would advise running depreciation to that future date to see if the actual calculation matches the Projection. After that, I would need detail asset information to be of any use.

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