Correcting depreciaition on FY assets that calculated incorrectly.

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    Kymber Taylor

    Unfortunately, there isn't. You can use the JV to correct depreciation in the GL, but it will not update the depreciation on the asset. The only way is with a DB update. We have been tossing around the idea of a depreciation adjustment document or process that would allow you to identify assets that need to catch up depreciation vs spreading it out over it's remaining life. However, that hasn't been prioritized yet. If you update depreciation on the asset payment, for each payment you'll want to update each applicable depreciation bucket for the current year and total accumulated depreciation. 

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