You can project asset depreciation that is based on specific depreciation method, in-service date, convention, and basis. Depreciation is also based on optional depreciation factors such as salvage amount or salvage percent and table year.
- From the menu, select a lease record.
- Click Assets.
- Open a leased asset.
- On the Books tab, select an asset book record.
- Select and specify this information:
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Company
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Select a company number.
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Book
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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:
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Method
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Select the method for the depreciation projection.
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Life
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Specify the asset life in years.
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Life Remaining
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Specify the amount of the asset life that remains.
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In service date
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Select the in-service date for the asset. This in-service date can be different for each depreciation book.
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Convention
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Select a depreciation convention in the projection. Conventions are used in to determine the first and last year's amounts of depreciation.
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Basis
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Specify the asset basis. This field containes the amount on which depreciation is based.
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Salvage value
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Specify the salvage amount of the asset.
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Year to date
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Specify the year-to-date depreciation for the projection.
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Life to date
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Specify the life-to-date depreciation amount for the projection.
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Year placed in service
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Specify the year that the asset was placed into service for the projection.
- Click OK.
Results are displayed on the Projections tab as Row, Period and Depreciation.