Title

Description

Accumulated Depreciation

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

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 defined in parameter NON_DEPRECIABLE_FEDERALLY_OWNED_OBJECT_SUB_TYPES.

Book Value

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

Current Month

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

Depreciation Date

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

Depreciation Life Limit

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

Depreciation Method Code

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

SL - straight-line
SV - salvage value

Previous Year

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

Salvage Amount

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

Year To Date

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