I am trying to accelerate a group of assets down to 3 years. First - do I need to close my period before I run the new depreciation? I have done the RV depreciation method for the internal book and changed the estimated life to 3 years. I run the deprecation thru the end of September (our fiscal year) and then try to run the deprecation for September 23 to see if it has changed. No changed has occurred.
Just curious as to what I am doing incorrectly. Any help would be appreciated.