You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Depreciation Reserve account does not show correct balance

Accepted answer
in Assets 3 comments

Summary: We added SW and CE assets from acquisition to our books as of 3/1/23. I used the FBDI template to add both asset types. In YTD Depr column AZ, I included 2 months of Depr Exp for FY23. In Depr Reserve column BA, I added the Accum Depr balance as of 12/31/22. All assets are SL/3 yrs. The Depr Reserve Balance for CE is correct as of 12/31/23; the Depr Reserve balance for SW is missing 2 months of depr expense. Prorate convention is Month, Asset Type is capitalized for all assets. Depreciate is marked Yes for all Assets.

Why would Depr Reserve for SW not be correct? How can I correct the balances for SW ?

Howdy, Stranger!

Log In

To view full details, sign in.


Don't have an account? Click here to get started!