Assigning class depreciation rates

Asset book types are associated with class level assets. At least one book must be created during setup. After books are specified, you can assign them to any depreciable asset.
  1. Select Financials > Asset Accounting > Asset System Setup > Asset Types.
  2. Select a company record.
  3. On the Class Depreciation Rates tab, click Create.
  4. Specify this information:
    Book
    Select the Part 32 class level book to which class-level asset transactions are written. The book must be defined as a class level book and have a compute statement assigned.
    Asset Type
    Specify an asset type or subtype.
    Depreciation Rate
    For each type that represents an asset class, specify the rate that is assigned by the local Public Utility Commission (PUC).
  5. Click Save.