Value 1 Depreciation

  1. Click the Value 1 Depreciation tab in the Fixed Asset Class (FAC) dialog.
  2. Specify this information:

    Value 1, the base currency, is defined in Business Unit Setup.

    Base Depreciation Method

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

    Base 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.

    Note: It is not possible to enter a percentage of 100, therefore if you need to set up assets to depreciate completely in one year, use the Start Period and End Period fields on the General tab of the Asset Records (FAS), and leave the percentage blank.
    Base Table Code

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

    Base Table Column

    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.

    Base Factor
    The amount by which you must multiply the standard depreciation amount in order to calculate the advanced depreciation amount. For example, enter 1 if advanced depreciation is the same amount as the standard depreciation (thus doubling the total depreciation).
  3. Save your changes.