Calculating insurance or replacement values

Use this procedure to calculate insurance or replacement values for selected assets.

  1. Select Asset Update Actions > Insurance And Replacement Calculation.
  2. Select Book or Book Group, but not both.
  3. Select Company or Company Group, but not both.
  4. Specify this information:
    Compute
    Select Yes to update calculated amounts. Select No to list the current salvage or replacement value of the asset.
  5. In the Output Options section, specify this information:
    Report Option
    Select whether to calculate values for insurance or for replacement.
  6. In the Print Totals section, select the way in which totals are sorted and displayed.
    This list shows how to use the options for sorting and displaying totals:
    • When you select Yes for fields in the Sequence section, a subtotal is displayed and the sort order is identified.
    • When you select Yes for fields in the Miscellaneous section, subtotals are displayed. The sort order is not affected..
  7. Click Submit.
  8. In the Report Distribution section, select a distribution list and export type for Insurance And Replacement Calculation Report.