Asset Distributions (tffam1520m000)

Use this session to maintain information about an asset's location and distribution. When you add an asset, you record one or more corresponding distribution lines, the session indicates the physical location(s) of each asset. The session also indicates the applicable depreciation quantity or percentage of cost that must be calculated for each line when depreciation is run for this asset.

You cannot distribute an asset for more than its total quantity. You cannot distribute an individual line with a quantity of zero or less. Therefore, if the total quantity of the asset is one, you can distribute by percent cost or quantity, by using a single distribution line.

You can distribute a new asset by percentage or quantity. If you distribute by percentage, LN uses the percentages to calculate depreciation amounts when depreciation is run. If you distribute by quantity, you enter an integer on each line to indicate the quantity of the asset present at that location. LN converts the quantities stored to percentages automatically, and uses these percentages to calculate the cost for each account when depreciation is run.

Field Information

Location

location

Description

The segment code description for the asset.

Quantity

The quantity of the asset distributed to the indicated location and distribution expense account.

Asset Number

asset number and asset extension

Asset Extension

asset number and asset extension

Company

company

segment

Description

The segment description.

Distribution of the asset by quantity or percentage.

Reference

You can add a brief memo which is displayed by distribution line.