Projecting asset depreciation

You can project asset depreciation based on specific depreciation method, in-service date, convention, basis, and optional depreciation factors such as salvage amount or salvage percent and table year.

  1. Select Leased Asset Addition and Adjustment (AM21.2) or Books (AM21.4).
  2. Click Projection.
  3. Specify this information:
    Company

    Select the general ledger company number for the asset.

    Book

    Select a book name. Books are used by assets for calculating depreciation, replacement cost and insurance values, and for reporting.

    Method

    Select the method for the depreciation projection.

    Life

    Specify the asset life.

    Remaining Life

    Specify the amount of the asset life that remains.

    Date

    Select the in-service date for the asset.

    Convention

    Select a depreciation convention in the projection.

    Basis

    Specify the amount on which depreciation is based.

  4. On the Depreciation Option tab, specify this information:
    Salvage Amount
    Year to Date

    Specify the year-to-date depreciation.

    Life to Date

    Specify life-to-date depreciation amount.

    Table Year

    Specify the table year.

Related report and inquiry

Action Process
Calculate future depreciation for assets by book for budgeting, forecasting, or other planning purposes Projection Report (AM255).*
Note: *You can include simulated and existing assets in this report.