Creating insurance methods
-
Select .
-
Click Create.
-
Specify an insurance Method name and Description.
-
On the Compute Detail tab, specify this information:
- Formula
- Select the depreciation formula that is used to calculate the
insurance amount. This field is a formula that consists of numbers,
dictionary items, parentheses, and mathematical operators.
- Optimization Method
- Select a insurance optimizing method. To switch this insurance method, select the check box in the Method Switch field when you specify depreciation books in Books.
- Straight Line Calculation
- Select whether the straight line calculation is Default, Original, Mixed, or Not Applicable.
-
On the Annual Percent tab, specify an annual percentage for each year that the asset remains in service. The insurance amounts are calculated as a percentage of the asset cost.
-
Click Save.