Value 2 Depreciation
- Click the Value 2 Depreciation tab in the Fixed Asset Class (FAC) dialog.
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Specify this information:
Asset values can be maintained and depreciated in a second currency. This is entered as the transaction currency on ledger transactions. If depreciation is calculated, it is also calculated in this currency.
- Trans Depreciation Method
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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 in the transaction currency for assets of this class.
- Transaction Percentage
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For depreciation methods Declining Balance, Straight Line or Japanese Straight Line, this is the percentage rate used to calculate the amount of depreciation deducted.
- Transaction Table Code
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The depreciation table to use if the depreciation method is Table Depreciation. These tables are defined Depreciation Tables Setup (FDT).
- Transaction Table Column
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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.
- Trans Factor
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Note: Only relevant if you are using advanced depreciation.
- 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).
- Save your changes.