Depreciation Adjustments and Write-Ups
Purpose
Write-ups are necessary if you have claimed too much depreciation for a fixed asset in the past. Tax authorities generally require that the past depreciation be adjusted by means of a write-up. As with post-capitalization, write-ups are most often made as the result of a government tax audit
In this IDES process you increase the useful life of an existing asset. Since this is a change to the depreciation terms, depreciation in fiscal years that are not yet closed must be adjusted. For the closed fiscal years you will have to post write-ups.
You can find more information about this process under
.Process Flow
You can find the data for this process under
.