No.

Rule

Action or Error Message

1

When the Object Sub Type Code is in parameter NON_DEPRECIABLE_FEDERALLY_OWNED_OBJECT_SUB_TYPES, federally-owned/other-owned payments are excluded from depreciation.

Error Message: There are X payments ineligible for depreciation, and will be removed.

2

Assets that are identified as Construction in Progress are excluded from the depreciation calculation because the useful life is set to zero.

Action: Drop asset from calculation.

3

Asset depreciation date must be valid.

Action: Drop asset from calculation.

4

Only payments with an Asset Transfer Payment Code of N, blank or Null are eligible for depreciation.

Action: Continue with depreciation calculation.

5

Only active (not retired) assets are eligible for depreciation.

Action: Continue with depreciation calculation.

6

Non-capital assets are excluded from depreciation.

Action: Drop asset from calculation.

7

The depreciation procedure calculates how many months of depreciation should have occurred (months elapsed). If the number of months elapsed is equal to or greater than the assets depreciation life, the procedure uses the asset base amount as the calculated accumulated depreciation.

Action: If the number of months elapsed is equal to or greater than the assets depreciation life, the procedure uses the asset base amount as the calculated accumulated depreciation. If the number of months elapsed is less than the assets depreciation life, the depreciation is calculated.

8

Assets with a Pending Asset Transfer will be included in depreciation and will be added to the depreciation report in case a manual adjustment needs to be made.

Action: Continue with depreciation calculation and list the document number on the report for follow up.

9

Assets with a Pending Asset Retirement document are eligible for retirement, if the Asset Retirement document is approved after depreciation has run, the general ledger pending entries and document will update to reflect the current state of the asset. .

Action: Continue with depreciation calculation.

10

Assign the appropriate Plant Fund Chart Code and Account Number.

Action: When the Object Sub Type Code is in parameter PLANT_FUND_ORGANIZATION_OBJECT_SUB_TYPES, use the Organization Plant Fund Chart and Account numbers.
When the Object Sub Type Code is in parameter PLANT_FUND_CAMPUS_OBJECT_SUB_TYPES, use the Campus Plant Fund Chart and Account numbers.

11

Determine if the accounting period when depreciation is run is a multiple of the value in the DEPRECIATION_PERIOD.

Error Message: Fiscal month of depreciation date must be a multiple of the depreciation period.