Defining a compute statement for a Part 32 book

If you define a book as a Class Level book, you must assign a compute statement to the book. This compute statement must calculate the average balance for the asset accounts to be depreciated as an asset class. Use the Report Writer application to define a compute statement.

Define a compute statement

Access Compute Statement (RW50.1).
Define the compute statement. Specify this information:

Compute

Specify the name and description of the compute statement. This field is required.

Folder

Select the folder that you want to store the compute statement in. Use Folder (RW01.1) to define a new folder.

Entry lines

Build the statement to extract an average account balance by using existing amount dictionary names. You can use system-defined dictionary names, or you can create your own dictionary names.

Example

This example uses existing Report Writer amount dictionary names to build a formula that calculates the average account balance as:

(beginning of period balance + end of period balance) / 2

The formula calculates the beginning of period balance as Current Year to Date Amount (CYDAMT) - Current Period Amount (CPAMT).((CYDAMT - CPAMT) + CYDAMT) / 2

Note: You can use the same compute statement for all the Part 32 books. For more information on defining compute statements, see the Report Writer User Guide.

Select Usage

Compute Statement (RW50.1) requires you to select at least one application. It does not matter which one you select. The selection has no impact on how the Part 32 compute statement works.