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

Last updated on MARCH 15, 2021

Applies to:

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

Purpose

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

Questions and Answers

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In this Document
Purpose
Questions and Answers
 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?
References

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