Value 2 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 (LEN), Ledger Import (LIM) or Asset Disposal (FAD).

The total advanced depreciation for the asset. It displays the advanced depreciation calculated and posted by Asset Advanced Depreciation Calculation (FAA), and also posted by Ledger Entry (LEN) and Ledger Import (LIM) 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 standard accumulated depreciation for the asset. It displays the sum of all depreciation calculated and posted by Depreciation Calculation (FDC), and also posted by Ledger Entry (LEN) and Ledger Import (LIM) 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 gross value of the asset less the accumulated depreciation. This reflects changes made by Depreciation Calculation (FDC), Ledger Entry (LEN), Ledger Import (LIM) or Asset Disposal (FAD).

The transaction currency code for this asset, which is used as the transaction currency for the asset in Ledger Entry (LEN) and Ledger Import (LIM).

The depreciation method to be used by Depreciation Calculation (FDC). There are several 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 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.

This is used by the Japanese depreciation method only. It is the posting final value for the asset in transaction 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 in 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.

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 Depreciatn in 1st Yr check box is checked on theLedger Setup (LES).

The number of days for which the asset is active within the number of days in 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 Depreciatn in 1st Yr check box is checked on the Ledger Setup (LES).

The first fiscal year in which advanced depreciation is to be calculated for the asset.

The whole number of years for which advanced depreciation can be applied to the asset.

The amount by which SunSystems 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).

This check box determines whether or not the asset is to be included in the advanced depreciation calculation for the current year. Check the check box to include the asset in the calculation. Normally, this should be checked if the current year is within the time frame defined by the Trans Apply From and the Trans Term of Years options. Alternatively, leave the check box blank to exclude the asset from the calculation. You can also use Asset Advanced Depreciation Selection (FDA) to check or to uncheck this check box for a number of assets. You cannot run advanced depreciation in the same year as reduction depreciation for an asset.

Displays the year in which the previous advanced depreciation posting was made for this asset.