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Dynamics 365 Community / Forums / Finance | Project Operations, Human Resources, ... / Fixed Asset Switch-Ove...
Finance | Project Operations, Human Resources, ...
Answered

Fixed Asset Switch-Over on Asset Book screen.

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Posted on by Richard Wheeler 75,848 Moderator

On the Asset Book screen there is an option for Switch-Over. I cannot find any documentation for this. Please explain the options and use of this value.

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Microsoft Dynamics GP
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  • Verified answer
    Nicole Hellerud Profile Picture
    Nicole Hellerud 1,712 on at

    Hi Richard,

    Thank you for your post.

    I’ve gone ahead and listed some information I’ve found on Switchover in Fixed Assets.

    • Displays the method of switching depreciation from the Book Class Setup window when the Asset Book is added. You can change the value.
    • If an asset would yield more depreciation using straight-line depreciation rather than the current method, the system will automatically change the depreciation method to straight-line depreciation.
    • This field is depreciation sensitive. If you change the value, you must recalculate depreciation as of the beginning of the year (reset year), recalculate depreciation as of the date the asset was placed in service (reset life), or recalculate depreciation from the depreciated to date forward.
    • Fixed Asset Management in Dynamics GP - Dynamics GP | Microsoft Docs
      You can select a switchover method—straight-line or no switch—for depreciation assets. If you choose the straight-line method, the depreciation method for the asset will change to the straight-line remaining life depreciation method, when the depreciation for an asset is greater using the straight-line method than the current depreciation method the asset is using. Switchover for the asset will occur only at the beginning of the year when the yearly depreciation rate is calculated for the next year.

    I hope this helps, please let us know either way.

    Best Regards,

    Nicole Sutton
    Senior Support Engineer
    Microsoft Dynamics

  • Richard Wheeler Profile Picture
    Richard Wheeler 75,848 Moderator on at

    Thank you Nicole. I could not find this information anywhere.

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