2018 UltraTax CS
Current depreciation is automatically calculated for all assets, one at a time, as you enter them. However, if you change the fiscal year-end date or the Tables vs. Formula option in the Calculation tab of the Setup > Options dialog in the asset module, you need to recalculate depreciation for all assets for the open client.
Note: Amounts entered in the Prior Depreciation field on the Asset Detail dialog and any forced depreciation amounts are not altered by this procedure. See Recalculating a treatment's prior depreciation for all assets for details.
To recalculate current depreciation for all of the open client's assets, perform the following steps.
- Open the Asset List window for an activity.
- Choose Tasks > Calculate All Assets.