Process Initiation

The CAM depreciation process is usually run at the same time each month. In order to avoid year-end activity, exceptions are often made for the first and last month of the fiscal year. If no date is supplied by the user, the depreciation process sets the date to the last day of the previous month.

Before the depreciation procedure runs for the last month of the fiscal year, an additional procedure is initiated that sets the asset depreciation date to the end of the fiscal year for any asset that has an asset depreciation date greater than the end of the fiscal year. Before the depreciation procedure runs for the first month of the fiscal year, an additional procedure is initiated to reset the period depreciation amounts to zero.

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Depreciation Calculation