Projecting asset depreciation
You can project asset
depreciation that is based on specific depreciation method, in-service date, convention,
and basis. It is also based on optional depreciation factors such as salvage amount or
salvage percent and table year.
- From the Leases menu, select a lease record.
- Click Assets.
- Open a leased asset.
- On the Books tab, select an asset book record.
-
From the Actions menu, click Create Projections.
Specify this information:
- Company
- Select a company number.
- Book
- Select a book name. Books are used by assets for calculating depreciation, replacement cost and insurance values and for reporting.
For each of the five rows, specify this information:- Method
- Select the method for the depreciation projection.
- Life
- Specify the asset life.
- Life Remaining
- Specify the amount of the asset life that remains.
- In service date
- Select the in-service date for the asset. This in-service date can be different for each depreciation book that is used.
- Convention
- Select a depreciation convention in the projection. Conventions are used in determining the first and last year's amounts of depreciation to be taken.
- Basis
- Specify the asset basis. This field is the amount on which depreciation is based.
- Salvage value
- Specify the salvage amount of the asset.
- Year to date
- Specify the year-to-date depreciation for the projection.
- Life to date
- Specify the life-to-date depreciation amount for the projection.
- Year placed in service
- Specify the year placed in service for the projection.
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Click OK.
Results are displayed on the Projections tab as Row, Period and Depreciation.