DD&A Cost Centres

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DD&A cost centres are used for fixed assets that will be depreciated or amortized. Each asset requires a cost centre number to allow the user to enter individual acquisition dates, salvage percentages and DD&A rules specific to the fixed asset to be depreciated.

To maintain DD&A cost centres:

1. Navigate to the menu and select Fixed Assets → DD&A Cost Centres

2. Enter DD&A cost centre information.

In this field...	Enter this information...

In this field...	Enter this information...
CC Number	Cost centre number for the DD&A Rule that requires a Use Expiry Date or Salvage % or Annual Percent that differs from the default set at the DD&A Rule. Enter a cost centre or select from the Cost Centres List of Values.
DD&A Rule	Enter the DD&A rule created in the DD&A Rules screen. Enter a DDA rule or select from the DDA Rule Code List of Values.
Description	Description field for the DD&A Rule is automatically populated with the DDA rule description.
Acquisition Date	Date the asset was purchased in the format YY/MM/DD
Salvage %	Enter salvage percentage to be used for the asset (Cost centre and DD&A rule combination).
Use Expiry Date	Expiry date of the amortization period in the format YYYY/MM/DD. Used for AMO (Amortization) and IMS (Impairment on significant leases) calculation methods to calculate the remaining useful life for the asset.
Override Annual Percent	Annual percentage for the asset. This overrides the Annual Percent set up on the DD&A Rule.

3. Select the Next Record icon to add more cost centres.

4. Select the Save icon or CTRL + S to save the information.

5. Select the Exit icon to close the screen.