• Remaining Value Method

    Hello, I have some assets that were Place in Service on 1/4/17, estimated life of 5 yrs. 6 mo., depreciation ran through 7/31/17, and all have a SL depreciation method. I was notified that assets had to be accelerated to be fully depreciated by 8…
  • changing estimated life

    Good morning to all! We are changing the estimated life of our assets from 6 years to 7. There are almost 1,000 assets and I would really enjoy not going into each and every asset in order to make this change. Is there a way to make that change for all…
  • Changing the Estimated Life of a Fixed Asset

    Hello, it was recently discovered that we erroneously entered some new leasehold improvement assets with an estimated life of 3 years when it should have been 7 years and 4 months. 3 assets have a start date of 2/1/23 but were not depreciated this year…
  • Creating New Asset

    Hello, I am attempting to create a new asset within FAS but when I chose "Add Asset," the estimated life always defaults to 7 years 00 months and I am unable to change it. How can I change the default estimated life or change the estimated life after…