Value 3 Depreciation

All of the values displayed on this tab are expressed in the second base or reporting currency identified 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.

Specify this information:

Asset Balances

Report Gross Value

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.

Report Depreciation Value

The standard accumulated depreciation for the asset. 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.

Report Advanced Value

The total advanced depreciation for the asset, expressed in the second base or reporting currency.

Report Net Value

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

Depreciation Settings

Reporting Depreciation Method

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

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. 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.

Reporting Currency Final Value

The final value of the asset in the reporting currency. It may be scrap or residual value. If using the Japanese Straight Line depreciation method, this is the first final value used to determine the annual depreciation amount.

Report Curr Post Final Value

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

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

Report Curr Days First Period

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. You cannot set this option if the Full Year Deprctn in 1st Year check box is checked on the Ledger Setup (LES).

Reporting Currency Active Days

The number of days for which the asset is active within the number of days in the start period, which you wish depreciation to be calculated in 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).
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