Creating depreciation projections

  1. Select Financials > Asset Accounting > Asset System Setup > Depreciation and Valuation Methods > Depreciation Projection.
  2. Click Create.
  3. Specify this information:
    Projection
    Specify a name to the projection value, depreciation method, or life that the projection represents.
    Description
    Provide a description for the projection parameter.
    Book
    Select the book.
    Company
    Select a company number.
    Method
    Select a depreciation method for each book.
    OR Custom Compute
    Select a custom compute from Custom Computes.
    Note: Method in Asset Book is not available for Depreciation Projection .
    Convention
    Select a depreciation convention for this book. This convention is used to determine how depreciation is calculated for the first year and the last year that an asset is in service. The value that you select is a default value and is modified when you assign a book to an asset. For a detailed list see: Depreciation conventions.
    In Service Date
    Select the in-service date for the asset. If this field is blank, then the item purchase date is the default.
    Basis
    Specify the amount on which the depreciation calculations are based. This amount can differ from book to book.
    Life
    Specify in months an asset life that is used if the business use falls below the qualifying percentage.
    Life Remaining
    Specify in months the remaining asset life. If this field is blank, then it is equivalent to the asset life.
    Year Placed In Service
    Specify the number of years that the asset has been in service. This field is tracked by the process.
    Salvage Value
    Specify the salvage value of the asset at the end of the asset's life.
    Year To Date Depreciation
    Specify the year-to-date depreciation amount for the asset.
    Life To Date Depreciation
    Specify the life-to-date depreciation amount for the asset.
  4. Click Save.