WS: 12: FAQ: Compute Depreciation (P12850 and P12855) (Doc ID 1072254.1)

Last updated on JULY 24, 2024

Applies to:

JD Edwards World Fixed Assets - Version A7.3 cume 4 and later
Information in this document applies to any platform.

This document describes questions and answers about the Compute Depreciation (P12850) and Compute UDD Depreciation (P12855) programs.

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In this Document

Purpose

Question 1: Can you run the Compute Depreciation programs (P12850 and P12855) more than once?

Question 2: Can you set up Compute Deprecation (P12850) to apply a mid-quarter convention?

Question 3: Can you delete or void a depreciation batch that you generated in error?

Question 4: What date does the system use to calculate depreciation for the mid-month (M), mid-quarter (Q), and mid-year (Y) conventions?

Question 5: The Compute Depreciation programs (P12850 and P12855) provide a processing option to summarize the journal entries that the system generates for accumulated depreciation and depreciation expense. What are the ramifications of using this processing option?

Question 6: How can you stop an asset from depreciating? Must you use data selection to exclude it on Compute Depreciation?

Question 7: How can you set up the Data Selection to include more than 45 values to specify the asset numbers?

Question 8: Does the Compute Depreciation program (P12850) make an adjusting entry if you change the life months on an asset?

Question 9: Can you run depreciation for prior fiscal years for tax ledgers that you just set up?

Question 10: Can you fully depreciate an asset early, prior to the end of its life (as determined by its life months)?

Question 11: Is there anything you need to set up prior to running depreciation?

Question 12: What is the difference between using Inception-to-Date (I) and Remaining Life (R) computation methods?

Question 13: Why does a disposed asset print on the Compute Depreciation Journal (P12850)?

Question 14: Why is there a different description in the Item Transaction Inquiry (P12211) for the original depreciation journal entry than what is on the void of that depreciation journal entry?

Question 15: How can you print amounts on the Depreciation Journal (P12850) that are in the tens of millions; in other words, that exceed 9,999,999.99?

Question 16: What happens if you run depreciation twice on an asset in the same period?

Question 17: Which field in the depreciation information determines when the depreciation starts?

Question 18: Can you have the same depreciation method on both the AA ledger and on a tax ledger?

Question 19: Will the standard Compute Depreciation program, P12850, calculate a Straight Line depreciation amount for assets with non-standard lives (e.g., 10 life periods, 30 life periods, etc.) or must the Compute UDD (User Defined Depreciation) program P12855 be used?

Question 20: Will the Compute Depreciation program, P12850, and/or the Compute User Defined Depreciation program, P12855, calculate a depreciation amount based on a calendar date pattern (January through December) for a company on a non-calendar (fiscal, September through August) date pattern?

Question 21: Processing option # 1 on the P12850 reverts back to Preliminary every time it is run in Final. Is there a way to have it retain the option to run in Final?

Question 22: Do remaining life months decrement with each period when calculating depreciation using the Compute Depreciation program (P12850) with straight line and computation method R (Remaining Months)?

Question 23: Why does one version of P12850 show fully depreciated asset information and another version not display fully depreciated assets?

Question 24: Why is an asset that is using a computation method (DIR1) =R and straight-line taking a ‘catch up’ amount in mid-year following a change in life months?

Question 25: How are the luxury auto limits set up for depreciation?

Question 26: We depreciated assets in the prior fiscal year at 100% by mistake, it should have been 40%. Can we reopen the prior fiscal year, correct the depreciation amount and re-close the year?

Question 27: What steps need to be completed to add a new company so depreciation can be run?

Question 28: Is there a standard depreciation method that will calculate a fixed percent on declining balance?

Question 29: Why is there no data in Depreciation Rule Revisions (P12851) and Depreciation Formula Revision (P12853)?

Question 30: How is salvage value handled in Standard and User Defined Depreciation methods?

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