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Former Member
May 07, 2014 at 06:16 PM

Depreciation key that posts catch up depreciation from prior years


I am currently using Depreciation Key LINR. It will correctly calculate depreciation expense when using a capitalization date in a prior fiscal year. For example if I capitalize an asset in 2014 with a 10 year life but I assign a capitalization date of 2009 the asset will only post depreciation over the next 5 years which gives a correct end of life that is 10 years from the original capitalization date. Using LINR it will post depreciation evenly over the remaining 5 years and it does not post any catch-up depreciation in 2014 which would be the total of depreciation that would have posted in the first five years. Is there a depreciation key that posts this catch-up deprecation when using a capitalization date from a prior fiscal year?