Hello Linda,

If you are deleting or inactivating the assets, there is no “date” that it happens, the depreciation just disappears as if it never existed. You just need to re-run the reports to see the new numbers.

There is no difference calculation in the program. By deleting or inactivating the assets, any depreciation is just gone which means you need to do the math to figure the differences and make the adjustment to your GL. See What is the difference between deleting and inactivating an asset for more information.

If you wish to see the changes in prior periods, then yes, you will then need depreciation back to those prior dates.

If by delete you mean dispose, which is a calculation of depreciation, re-running depreciation would depend on the disposal date by first running depreciation back to a date prior to that disposal date and then preforming the disposal. See How to dispose an asset for that process.

~Delray

Thank you, I will need to rerun the depreciation report, and NBV reports for the auditors, do i use the Force recalculation to get the corrected report for depreciation? 

The Force Recalculation is there for those times that you have changed something on the Calendar (and a couple of other things which will change the current calculation) and are looking for a change in the calculation without running depreciation to a different period.

For Example, you have depreciation ran for 12/2023 but then you add a short year at some point in time prior to that date. By re-running depreciation again to 12/2023 with the Force Recalculation checked, it will force the program to recalculate that change in calendar. The same effect happens by running depreciation to a prior period.

In other words, if you are running depreciation to different dates, but first running depreciation to a date prior to the current through date, no, you never need the Force Recalculation.

~Delray

Okay, if I am understanding correctly, I will delete the 8 items that were entered in error. Run the depreciation( depreciate-all complete assets-internal book-12-31-23-update current reporting period-which will give me the Depreciation Expense report with the corrections made. then run the New Book Value report. Then do the same for January. 

I will have to calculate the whole year depreciation for these items and correct with GL entries for both Dec and January.