General

The current status of the asset. The following options are available:

• Active - the asset is actively in use.
• Suspended/Held - indicates that you no longer want to use the asset. Whenever the asset code is used in Ledger Entry, Ledger Import, or Asset Status Report, you are warned if the asset has been suspended. Asset Disposal and Depreciation Calculation both ignore suspended assets.
• Ready for Disposal - the asset is to be highlighted for disposal in Asset Disposal. You cannot post transactions to assets with this status.

Part Disposed

This is set if part of the asset quantity has been disposed of using Asset Part Disposal (FAF).

Part Disposal Period

The period for part disposal of this asset. If you leave the part disposal period blank, it is updated when disposing of part of the asset quantity using Asset Part Disposal (FAF).

Disposed

This is set if the asset has been disposed of using Asset Disposal (FAD).

Disposal Period

The period for disposal of this asset. If you leave the disposal period blank, it is updated when disposing of the asset using Asset Disposal (FAD).

Final Value Calculation

This is set to override the Exclude Final Value from Calculation setting in Ledger Setup (LES).

Reporting Conversion Control

Select the currency control option to be used for postings to this asset in the reporting currency. Three options are available:

• Ledger Default - uses the Value 3 Currency Post Rule option set in Business Unit Setup to determine whether or not reporting currency values are required on transactions posting to the asset.
• Mandatory - make the reporting currency value mandatory on transactions posting to this asset.
• Prohibited - prevent a reporting currency value being entered on transactions for this asset.

Note:  If the Value 3 Currency Type in Business Unit Setup is set to Second Base Currency, then Value 3 must always be present.

Data Access Group Code

Balance Sheet

The balance sheet account for depreciation postings for this asset. If this is left blank, the account entered in Depreciation Calculation (FDC) is used.

Profit and Loss

The profit and loss account for depreciation postings for this asset. If this is left blank, the account entered in Depreciation Calculation (FDC) is used.

Balance Sheet

The balance sheet account for advanced depreciation postings for this asset. If this is left blank, the account entered in Asset Advanced Depreciation Calculation (FAA) is used.

Profit and Loss

The profit and loss account for advanced depreciation postings for this asset. If this is left blank, the account entered in Asset Advanced Depreciation Calculation (FAA) is used.

Start Period

The period in which depreciation should commence for the asset.

End Period

The projected final depreciation period for the asset. You can leave this blank if the life of the asset is determined by the depreciation method.

Last Period

This displays the last period in which the asset was depreciated either by Depreciation Calculation, or manually using Ledger Entry or Ledger Import.