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Microsoft Dynamics GP (Archived)

Need to Accelerate Depreciation for Retirement

Posted on by 35

I need to retire many assets that have been placed in service for while.  Is there any way to "accelerate depreciation" so that at retirement all the remaining depreciation for the remaining life of the asset will calculate for the expense line, as opposed to the NBV for accumulated that will ultimately go to Loss?

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  • aprilpet Profile Picture
    aprilpet 35 on at
    RE: Need to Accelerate Depreciation for Retirement

    Hi Sue,

    I don't quite understand.  I don't see a 6 mo convention to select.

  • Suggested answer
    sueconrod Profile Picture
    sueconrod 335 on at
    RE: Need to Accelerate Depreciation for Retirement

    You can create a  group and then you can depreciate them so that all depreciation is taken (6 mo convention).  Then turn around and do your GL and change the accounts only on this group.  That is what I've seen other customers do.

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