When the default depreciation rate is changed for a particular asset type in an active depreciation book, Pinnacle allows changes to be made in that book for all assets of that asset type. This applies when changes to default depreciation methods or rates are made on the Asset Types tab of the Depreciation Books window, or on the Depreciation Books tab of the Asset Types window.
When you modify an asset type's default depreciation rate for a particular depreciation book, Pinnacle will ask you to type in a date of effect and then gives you the choice to:
Modify the depreciation rate of all assets of this type in this book, from the most recent rate adjustment onwards (the system will modify the latest Financial Adjustment entry);
Modify the depreciation rate of all assets of this type in this book, from the date of effect onwards (the system will add a new Financial Adjustment entry); or
Leave all assets of this type unchanged.
Pinnacle will also ask if you wish to recalculate the retirement dates or residual values of all affected assets. You can also choose not to recalculate either of these values.
When you exit from the asset types table or the depreciation books table and some assets have had their depreciation rates modified, you will be asked whether you want to print a report which reflects all the changes that were made to assets. The depreciation calculations in the Audit report and in the Depreciation Rate Changes report will be calculated up to the date of effect for all assets. Note that you cannot re-print this report once you have exited from the Asset Types maintenance window.