Value 1 Depreciation

The original value of the asset budget record, 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 budget record. It reflects the depreciation calculated and posted by Depreciation Calculation, Ledger Entry, Ledger Import or Asset Disposal. It is the sum of all transactions posted to the asset with an asset indicator of Depreciation. This amount includes reduction depreciation, but excludes advanced depreciation, which is displayed in the field below.

The total advanced depreciation for the asset budget record. 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 budget record 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 methods available. If this is set to No Depreciation, depreciation will not be calculated automatically for the asset. See What Depreciation Methods are Available?

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 budget record in the asset currency. 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. See How is the Final Asset Value Treated?

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.

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

The number of days in the first period in the life of the asset. This field relates to the feature, available for Straight Line depreciation, which allows you to start to depreciate an asset part way through the first period. See Depreciating the Active Days in the Start Period. You cannot set this option 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 number of days in 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. You cannot set this option if the Full Year Deprctn in 1st Year check box is checked on the Ledger Setup (LES).