Value 3 Depreciation

  1. Specify this information:

    Value 3, the reporting currency, is defined in Business Unit Setup.

    Note: If Value 3 is defined as Second Base Currency and not Reporting Currency, then the rate between Value 1 and Value 3 is fixed, so the options on the Value 3 tab are disabled. This is to prevent alternative depreciation rates from being entered, which would result in a different stream of values, thus contravening the fixed rate rules.
    Reporting Depreciation Method

    The depreciation method to be used by the Depreciation Calculation (FDC). There are several methods available. If this is set to No Depreciation, depreciation is not calculated automatically in the reporting currency for assets of this class. See What Depreciation Methods are Available?

    Reporting Currency Percentage

    For depreciation methods Declining Balance, Straight Line or Japanese Straight Line, this is the percentage rate used to calculate the amount of depreciation deducted.

    Reporting Currency Table Code

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

    Reporting Currency Table Col

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

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Parent topic: Setting Up Asset Classes