Skip to main content

Notifications

Announcements

No record found.

News and Announcements icon
Dynamics 365 Community / Forums / Finance | Project Operations, Human Resources, ... / Change in depreciation...
Finance | Project Operations, Human Resources, ...
Answered

Change in depreciation method of fixed assets

(0) ShareShare
ReportReport
Posted on by CU24060019-0 93
Hi My precious friends.
 
Can I add a book as shown in the picture below to change the depreciation method?
 
Do I need to manually close the status of the existing book?
Do I have to manually enter the acquisition price and the remaining useful life in the new book?
Isn't there an automatic conversion function?
 
Thank you
  • Suggested answer
    Frank Hamelly | MVP, MCP, CSA Profile Picture
    Frank Hamelly | MVP... 4,029 Super User 2024 Season 2 on at
    Change in depreciation method of fixed assets
    Can I add a book as shown in the picture below to change the depreciation method? YES
    Do I need to manually close the status of the existing book? YES
    Do I have to manually enter the acquisition price and the remaining useful life in the new book?  YES
    Isn't there an automatic conversion function?  NO
     
    You'll need to use Data management framework to import the new Book records.  FixedassetbookV2 is the data entity.  You can use the same data entity to set the old book status to "Closed".  To be safe, I would also change these values to No on the old book:
     
  • CU24060019-0 Profile Picture
    CU24060019-0 93 on at
    Change in depreciation method of fixed assets
    Hi Kevin Xia
     
    First of all, thank you for your reply.
     
    I would like to change it to something like below:
    1. Depreciation method for 2022: Decrease rate method
    2. Depreciation method for 2023: straight-line method
    => Each transaction history is not deleted and must remain.
     
    We also want to convert many fixed assets at once. How can I know how to do this efficiently?
     
    Thank you
  • Suggested answer
    Kevin Xia Profile Picture
    Kevin Xia Microsoft Employee on at
    Change in depreciation method of fixed assets
    Hi,
    You can refer to this official document: Fixed asset depreciation - Finance | Dynamics 365 | Microsoft Learn, this article provides an overview of depreciation in Fixed assets. If you change the depreciation method, you may have to manually close the status of an existing book to ensure that the old depreciation method is no longer applied. You can also refer to this old thread, which describes the steps to change the depreciation method: Solved: FA depreciation method changing in Book (dynamics.com).
    Best regards,
    Kevin

Under review

Thank you for your reply! To ensure a great experience for everyone, your content is awaiting approval by our Community Managers. Please check back later.

Helpful resources

Quick Links

December Spotlight Star - Muhammad Affan

Congratulations to a top community star!

Top 10 leaders for November!

Congratulations to our November super stars!

Tips for Writing Effective Suggested Answers

Best practices for providing successful forum answers ✍️

Leaderboard

#1
André Arnaud de Calavon Profile Picture

André Arnaud de Cal... 291,280 Super User 2024 Season 2

#2
Martin Dráb Profile Picture

Martin Dráb 230,214 Most Valuable Professional

#3
nmaenpaa Profile Picture

nmaenpaa 101,156

Leaderboard

Featured topics

End-of-life Announcement for Microsoft Dynamics GP

Product updates

Dynamics 365 release plans