Selecting assets for advanced depreciation

If you are using advanced depreciation, you need to select assets or groups of assets to be included in the advanced depreciation calculation for a particular year. Use Asset Advanced Depreciation Selection (FDA) to select the assets which must be included in the calculation. This checks the Apply Current Year check box in the Value 1, Value 2 and Value 3 tabs in Asset Records (FAS). You can use the Process Mode option to determine whether your selection is to be included or excluded from the advanced depreciation calculation, however, certain assets in your selection may not be included, depending on their Apply From and Term of Years settings in Asset Records, as detailed below.

  1. Open Asset Advanced Depreciation Selection (FDA).
  2. Specify this information:
    Asset Class From/To
    The asset class, or the range of asset classes, to be selected. Leave this blank either to select all assets, or if you want to select specific asset codes in the field below.
    Asset Code From/To
    The asset, or the range of assets, to be processed. Leave this blank to select all asset codes.
    Analysis Dimension
    An analysis dimension for which you may select a range of codes to be processed. Leave this blank to select all dimensions.
    Analysis Code From/To
    The analysis code, or range of analysis codes, for the analysis dimension chosen above, to be used to select assets. Leave this blank to process all analysis codes for the dimension selected.
    Process Mode
    Determines the course of action to be performed on the group of assets selected above.

    Select Exclusion to remove the check from the Advanced Current Year check box in Asset Records (FAS) for the group of assets, thus excluding them from the advanced depreciation calculation for the current year.

    Select Reset to check the Advanced Current Year check box for the group of assets. For each asset in the selection, the check box is checked unless the current year is after the term of advanced depreciation for the asset, in which case it is unchecked. To establish whether or not the year falls into the term of advanced depreciation, the system inspects both the Apply From and Term of Years options on the asset record.

  3. Save your changes.