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- Register (Display) – This field displays the register codes for the asset.
- Currency (Display) – This field displays the default currency.
- Cost Basis– This field displays the cost basis amount for the asset and register.
- Adjustments (Display) – This field displays the cost basis adjustment amount for the asset and register.
- Book Value – This field displays the book value for the asset and register. This field is calculated as Basis less any adjustments.
- Accumulated Depreciation – This field displays the accumulated depreciation..
- Net Book Value – This field displays the Book Value less Accumulated Depreciation.
The Valuation Tab
The Valuation Tabental information for an asset. The information is collected for reporting purposes only.
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- Type (Required) – Enter a Type or double-click the Type field in the grid to search.
- Reference (Optional) – Enter the Authorizing document reference. For example, for a PO type document, enter the PO number.
- Amount (Optional) – Enter the amount of the authorizing document.
The Documentation Tab
The Documentation tab provides references to the file location of documentation related to the asset. Files can refer to electronic files or to paper files.
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- Type (Required) – Enter the Type, or double-click the Type field in the grid to search.
- Description (Optional) – Enter a free-form description of the document.
- File Name (Optional) – Enter a free-form description of the location of the document.
The Other Tab
The Other Tab Fields Definition to identify the information to capture. Once captured the information is available for reporting and may be used within user defined depreciation calculations.
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- Full Month Convention: Take a full month depreciation in the month of acquisition and nothing in the month of disposal (FM).
- Next Month Convention: Take a full month depreciation following acquisition, but take nothing in the month of acquisition or the month of disposal (NM).
- No Convention: Do not invoke any prorate convention on acquisition or disposal (NA).
Depreciation Formula Examples
The following example illustrates the use of the depreciation formula:
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Allocation of depreciation expense calculated using Composite Rate depreciation is based on information associated with each item within the group. Generally this would be asset department/cost center or location information.
Allocation of Depreciation Expense
Depreciation expense is allocated based on the cost center to which the individual item is assigned.
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