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.
- Select .
- Select a company record.
- On the Class Depreciation Rates tab, click Create.
- 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).
- Click Save.