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Administrator Guide
Last Updated: 2023-06-23
Suspend and Resume Asset Depreciation

Suspend and Resume Asset Depreciation

  • Assign asset accounting information.
  • Security:
    Process: Business Asset Accounting
     domain in the Business Asset Accounting functional area.
You can select dates to suspend and resume depreciation for assets.
Workday:
  • Extends the useful life of assets by the number of days suspension occurred.
  • Sets the depreciation amount to zero for periods where depreciation suspension fully occurred.
You can't make changes to assets when other events are in progress.
  1. From the related actions menu of an in-service asset, select
    Business Asset
    Suspend Depreciation
    .
    Workday sets the status of the business asset to
    Out of Service
    . You can access the
    In Service Schedule
     tab on the
    View Business Asset
     report for the history of depreciation suspension.
  2. From the related actions menu of a suspended asset, select
    Business Asset
    Resume Depreciation
    .
  3. As you complete the steps, consider:
    Option Description
    Restricted to Books
    When an asset is in multiple company asset books, either:
    • Select the books where you want to apply the change.
    • Leave the field blank to apply the change in every book.
    Suspend Schedule
    The suspend schedule displays the asset books and dates you select to suspend and resume depreciation for an asset.