Value 1 Depreciation

The original value of the asset, including any additions, revaluations, or disposals. This is the sum of all transactions with asset indicators of Initial or Value. The value reflects changes made in Ledger Entry, Ledger Import or Asset Disposal.

The standard accumulated depreciation for the asset. It displays the sum of all depreciation calculated and posted by Depreciation Calculation, and also posted by Ledger Entry and Ledger Import against the asset using a journal type that has its Asset Depreciation Type set to either Standard or Reduction. This amount includes reduction depreciation, but excludes advanced depreciation, which is displayed in the field below.

The total advanced depreciation for the asset. It displays the advanced depreciation calculated and posted by Calculate Advanced Depreciation, and also posted by Ledger Entry and Ledger Import against the asset using a journal type that has its Asset Depreciation Type set to Advanced. This amount excludes standard depreciation and reduction depreciation.

The gross value of the asset less the accumulated depreciation. This reflects changes made by Depreciation Calculation, Ledger Entry, Ledger Import or Asset Disposal.

The depreciation method to be used by Depreciation Calculation. There are several depreciation methods available. If this is set to No Depreciation, depreciation is not calculated automatically for the asset.

For depreciation methods Declining Balance, Straight Line or Japanese Straight Line, this is the percentage rate used to calculate the amount of depreciation deducted. For Straight Line or Japanese Straight Line, you can either enter a percentage rate here, or leave blank and enter the end of the depreciation period in the End Period field on the General tab, but not both.

The final value of the asset in base currency, if applicable. It may be scrap or residual value. If using Japanese Straight Line depreciation method, this is the first Final Value used to determine the annual depreciation amount and is referred to as the calculation final value.

This is used by the Japanese depreciation method only. It is the posting final value for the asset in base currency. This is the second final value, and is the cutoff point for the additional depreciation calculation required by the Japanese depreciation method.

The depreciation table to use if the depreciation method is Table Depreciation. These tables are defined Depreciation Tables (FDT).

If the Table Depreciation method is used, this is the column of the table of rates to be used to depreciate the asset.

This field relates to the feature, available for Straight Line depreciation, that allows you to start to depreciate an asset part way through the first period. Enter the number of days in the first period in the life of the asset. For example, if the first period of depreciation relates to a month of thirty-one days, enter 31. Alternatively, if you want the first depreciation amount to be calculated for a whole period, leave this blank. You must leave this option blank if the Full Year Deprctn in 1st Year check box is checked on the Ledger Setup (LES).

The number of days for which the asset is active within the start period. This is required if depreciation should only be charged for this number of days, for the first period in the life of the asset. For example, if the asset is purchased on the 29th of the month, and should only be depreciated for two days in the first period, enter 2. Alternatively, if you want the first depreciation amount to be calculated for a whole period, leave this blank. You must leave this option blank if the Full Year Deprctn in 1st Year check box is checked on the Ledger Setup (LES).