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. Use this procedure to define asset projections.

  1. Access Leased Asset Addition and Adjustment (AM21.2) or Books (AM21.4).
  2. Click Projection to open Projections (AM21.7).
  3. Define the depreciation method, life, remaining life, in-service date, convention code, and depreciation basis for the projection.
  4. Click the Depr Option tab to define the projection.
    Note: You can define more detailed depreciation information for the projection, including the salvage amount, year-to-date depreciation amount, life-to-date depreciation amount, and table year.
  5. Select the Inquire form action.

    Projection Detail (AM21.8) displays the annual depreciation amounts based on the projection data that you specified.

  6. Run Projection Report (AM255) to calculate future depreciation for assets by book for budgeting, forecasting, or other planning purposes.
    Note: You can include simulated and existing assets in this report.