Creating asset template books

An asset book must be assigned before using an asset template.

  1. Select Financials > Asset Accounting > Asset System Setup > Asset Templates.
  2. Open an asset template and click the Books tab.
  3. Click Create.
  4. Specify this information:
    Book
    Select the asset book to use for the asset template.
    Method
    Select a depreciation method to use for the asset template book.
    Life
    Specify the life of the asset for the asset template book in months.
    Life In Years
    Specify the life of the asset for the asset template book in years.
    Convention
    Select a depreciation convention to override the original convention code for this book. The convention is used to determine how depreciation is calculated for the first year and the last year that an asset is in service.
    Salvage Percentage
    Specify the salvage percentage of the asset for the asset template book.
    Business Percent
    Specify the business percentage of the asset for the asset template book.
    Insurance Calculation Method
    Select the insurance calculation method for the asset template book.
    Replacement Calculation Method
    Select the replacement calculation method for the asset template book.
    Personal Use Code
    Select the personal use code for the asset template book.
    Asset Tax Credit Table
    Select the asset tax credit table for the asset template book.
  5. Click Save.