Category (tffam2100s000)
Use this session to define categories and select a default depreciation method for the various asset book types.
In the Depreciation Method (tffam7110s000) session, you can indicate the asset book types for which a depreciation method is valid.
In the Assets (tffam1500m000) session, you can link a category to each asset.
When you create a category, it is defined as its own subcategory by default. You can define a different subcategory.
Field Information
- Category
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- Category
- Definition
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- Description
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The description or name of the code.
- Category Defaults
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- Property Type
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You can select a property type in the Property Types (tffam7180m000) session.
- ITC Method
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Choose an Investment Tax Credit (ITC method).
- Asset Life (Years/Periods)
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The asset life in YY/MM is used as default for asset books that are not of the Units Of Production depreciation method type.
This default is only applied if in the Depreciation Method (tffam7110s000) subsession of the Depreciation Methods (tffam7510m000) session the appropriate depreciation method has a class life of zero (0).
- Asset Life (YY/MM)
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The asset life in YY/MM is used as default for asset books that are not of the Units Of Production depreciation method type.
This default is only applied if in the Depreciation Method (tffam7110s000) subsession of the Depreciation Methods (tffam7510m000) session the appropriate depreciation method has a class life of zero (0).
- Asset Life (Units)
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The asset life in units is used as the default for asset books with a Units Of Production depreciation method type if the class life is zero (0) for the appropriate depreciation method in the Depreciation Method (tffam7110s000) subsession of the Depreciation Methods (tffam7510m000) session.
- Asset Group
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Select an Asset Group Code from the Asset Groups (tffam4500m000) session.
- Default Subcategory
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When you create a category, it is selected by default as its own subcategory. You can select a different subcategory in this field.
- Capitalization Threshold
- The capitalization
threshold amount for the category of the asset.Note: This field is displayed only if the Received Assets Active check box is selected in the FAM Parameters (tffam0100s000) session.
This value is defaulted from the Capitalization Threshold field in the FAM Parameters (tffam0100s000) session.
- Currency
- The code of the
currency in which the capitalization threshold
amount is expressed.Note: This field is displayed only if the Received Assets Active check box is selected in the FAM Parameters (tffam0100s000) session.
If the Capitalization Threshold field is other than 0.00, this value is defaulted with the local currency of the current financial company.
- Depreciate Below Salvage
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If this check box is selected, depreciation can continue below the salvage value.
- Defaulting Asset Number and Extension
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- Mask Company
- The code of the
logistic company in which the mask is defined
for asset number and asset extension for received assets.Note: This value is defaulted from the Mask Company field in the FAM Parameters (tffam0100s000) session.
The Company Type must be Logistic or Both.
- Asset Number Mask
- The mask code that must be used to generate the asset number only for a received asset.
- Asset Extension Mask
- The mask code that must be used to generate the asset extension only for a received asset.
- Methods
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- Depreciation Methods Defaults
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- Financial - U.S.
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The default depreciation method for the asset book type.
- Federal Tax - U.S.
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The default depreciation method for the asset book type.
- AMT - U.S.
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The default depreciation method for the asset book type.
If the default financial book has a UOP depreciation method, you must select an AMT federal method that has an embedded life, or you must select a UOP method.
- ACE - U.S
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The default depreciation method for the asset book type.
If the default financial book has a UOP depreciation method, you must select an ACE federal method that has an embedded life, or you must select a UOP method.
- Other - U.S.
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The default depreciation method for the asset book type.
- Commercial
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The default depreciation method for the asset book type.
- Statutory
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The default depreciation method for the asset book type.
- Calculatory
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The default depreciation method for the asset book type.
- Special
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The default depreciation method for the asset book type.
Select a Special depreciation method which is a non-United States depreciation type. It permits either custom or excess depreciation to be posted to the General Ledger module. It supplements Commercial or Statutory depreciation.