Displaying Asset Detail

Before retiring an asset, you must display detail about it so you can confirm that you are retiring the proper asset. To display detail for a single asset, proceed as follows:

  1. Enter an asset number (or search for an asset number using the Asset Number lookup Description: searchicon) and click the add button. Display detail for other assets by repeating this process for each asset you want to retire.

  2. Alternately, display detail for many assets simultaneously by using the Look Up/Add Multiple Asset Lines lookup Description: searchicon: The search results include a column of Select? checkboxes. After checking the desired assets, click the  button at the bottom of the Asset Lookup form.

    The system displays detail for each asset you have specified.

Asset Detail Information tab definitions:

Title

Description

Organization Owner Chart Of Accounts Code

Required. Enter the chart code for the owner account that is responsible for the asset or search for this code from the Chart lookup Description: searchicon.

Organization Owner Account Number

Required. Enter the account number for the owner that is responsible for the asset or search for this number from the Account lookup Description: searchicon.

Organization Owner Organization Code

Display-only. Identifies the organization responsible for the asset; set by the organization owner account number.

Owner

Optional. Used when the title is vested in other universities or agencies. Enter the name of the owner or search for it from the Agency lookup Description: searchicon.

Asset Status Code

Required. Select a code from the list to indicate the current status of the asset or search for this code from the Asset Status Code lookup Description: searchicon. The asset status must be one of 'A-active and identifiable,' 'C-active and non-accessible,' 'S-surplus' or 'U-university constructed.' When the document status is final the asset status will be changed to 'R-retired.'

Asset

Condition

 

Required. Select the condition of the asset from the list (for example, 'Excellent,' 'Good,' 'Fair,' and 'Poor') or search for it from the Asset Condition lookup Description: searchicon.

Asset Description

Required. A free-form field used to describe the asset. Enter a detailed description of this asset.

Asset Type Code

Required. Enter the code used to classify types of assets grouped by categories or search for this code from the Asset Type lookup Description: searchicon. The asset type groups equipment for reporting purposes. For capital assets, this code also assigns the useful life for depreciation purposes.

Vendor Name

Required for capital assets; optional for non-capital assets. Enter the name of the company or person who sold the asset to the institution and to whom the first payment was made.

Manufacturer

Required for capital assets; optional for non-capital assets. Enter the name of the person or company that manufactured the asset.

Model Number

 

Optional. Enter the number assigned by the manufacturer to this model of asset.

Organization Text

 

Optional. Enter free-form text that provides additional information about the asset.

Last Inventory Date

 

Display-only. The date of the last inventory performed by the university or the date an asset was last physically verified, moved, relocated, inventoried, or tagged.

Create Date

 

Required. Enter the date the asset was added to the asset database or select this date from the calendar. The date is initially set to the current date.

In-Service Date

Display-only. This date is system assigned.

Depreciation Date

 

Display-only. The date on which asset depreciation begins for capital equipment. The system computes the depreciation date based on the in-service date and the asset deprecation convention.

To remove any asset from this group before submitting the document for processing, click the  button displayed at the bottom of its detail record.

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Example