If a fixed asset is closed down or inactive for more than three months, or if refurbishment of the asset is conducted for more than 12 months, calculation of depreciation is suspended. Depreciation calculation resumes when the fixed asset is placed back into service.

Inactivate a fixed asset temporarily

  1. Click Fixed assets> Common Forms> Fixed assetsto open the Fixed assetsform.

  2. Select the fixed asset to be temporarily deactivated. The asset is shown in Exploitationstatus.

  3. In the Statusfield, select Temporary closing-downto open the Temporary closing-downform.

  4. Click Yesto confirm the change of status.

  5. In the Datefield, select the deactivation date.

  6. In the Reason codefield, select a reason code.

  7. In the Reason commentfield, enter a description for the transaction.

  8. Click OK.

    Note Note

    The fixed asset status changes to Temporary closing-down.

  9. Click History> Temporary closing-downto view the starting date, ending date, and user code in the Temporary closing-downform.

    Note Note

    Depreciation is not accrued when the status of the fixed asset is Temporary closing-down.

Reactivate a fixed asset

  1. Click Fixed assets> Common Forms> Fixed assetsto open the Fixed assetsform.

  2. Select the fixed asset with the Temporary closing-downstatus.

  3. In the Statusfield, modify the status to Exploitationto open the Temporary closing-downform.

  4. Click Yesto confirm the change of status.

  5. In the Datefield, select the reactivation date.

  6. In the Reason codefield, select a reason code.

  7. In the Reason commentfield, enter a description for the transaction.

  8. Click OK.

    Note Note

    The fixed asset status changes to Exploitation.

  9. Click History> Temporary closing-downto view the deactivation ending date in the Temporary closing-downform.

    Note Note

    Depreciation will be calculated from the period specified in the Date of depreciation beginningfield in the Depreciation groupsform.

See Also