Creating a unit of production for the calculation methods

  1. Select Financials > Asset Accounting > Asset System Setup > Depreciation and Valuation Methods.
  2. Select Depreciation Methods, Insurance Methods, or Replacement Methods.
  3. Open a record.
  4. On the Units Of Production tab, click Create.
  5. Specify this information:
    Year
    Specify the year for the unit of production.
    Convention
    Select whether the convention for the unit of production is Actuals Or Estimates, Actuals Only, or Estimates Only.
    Estimated
    If you define a unit of production table by year, then specify the estimated units of the production the asset produces.
    Actual
    To define a unit of production table by year, specify the actual units of production for the asset at the end of each year. The sum of the Actual must be less than or equal to the Total Estimated Units.
  6. Click Period Detail.
  7. Specify this information:
    Annual Estimated
    Specify the annual estimated units of the production the asset produces.
    Annual Actual
    Specify the annual actual units of the production the asset produces.
    Convention
    Select whether the convention for the unit of production is Actuals Or Estimates, Actuals Only, or Estimates Only.
  8. On the Method Periods tab, specify the Estimated and Actual periods.
  9. Click Save.