Asset Depreciation Information Tab

Description: WorFD64

This tab contains the current asset depreciation information in the Old section. Most of this information is view only. The New section may be used to update the depreciation method and the salvage amount only.

Asset Depreciation Information tab definitions

Title

Description

Depreciation Method Code

Required. Select the code for the depreciation method from the list or search for it from the Asset Depreciation Method lookup Description: searchicon. There are two depreciation methods defined:

SL - straight-line
SV - salvage value

Depreciation Life Limit

Display-only. The useful life (depreciable life) of the asset.

Depreciation Date

 

Display-only. The date the depreciation of the asset started.

Base Amount

 

Display-only. The amount eligible for deprecation. It excludes any federal or other owned amounts. The base amount is calculated by summing the account amounts on payment records that do not have federally funded financial object sub-type codes of:
CF        Capital Movable Equipment - Federal Funded
UF        University Constructed - Federal Funded
BF        Building and Attached Fixt - Federal Funded
LF        Library Acquisition - Federal Funded

Salvage Amount

Optional. Enter the amount the university could recover if the asset is salvaged. This amount cannot be greater than the base amount.

Accumulated Depreciation

 

Display-only. The depreciation that has taken place on an asset up to the present time.

Book Value

 

Display-only. The value of an asset according to its balance sheet account balance.

Year To Date

Display-only. The depreciation that has taken place on the asset for the current fiscal year.

Current Month

Display-only. The depreciation that has taken place on the asset for the current month.

Previous Year

Display-only. The depreciation that has taken place on the asset during the preceding fiscal year.

More:

View Asset Separate History Tab