Future estimate changes offers a prospective method selection, including Straight-line and Double-declining balance, monthly. The change starts in the current reporting month and preserves earlier schedule terms and posted journals.
Check current carrying value, remaining useful life and residual together before evaluating the new method. If the monthly declining method is selected, read the displayed policy notice and inspect its first-period preview. Use the product's stated book method rather than assuming it matches an external calculation.
Record a reason explaining the revised estimate and submit it through the available decision process. A method change does not repair a historical posting mistake or establish a particular tax treatment. Use the separate correction workflow for a wrong posted journal.
Once approved, the asset distinguishes Original method from Current method and retains the latest future plan. Approval does not itself post a journal. Inspect the next eligible source-linked depreciation request to confirm that the future schedule and actual journal agree before completing its authorized posting.
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