FA-197 - Getting issue details... STATUS
Total Months = Years * 12 + Months
| Fixed Assets Fields | |
|---|---|
| Column Name | Description |
| Depreciation Name | Describe the depreciation method you are creating so you can easily look it up - example 5 yr Straight Line |
| Depreciation Type | Please Select Straight line |
| Service Years | this is the number of years of your asset life - so if the asset had a life of 2.5 years then this would be 2 years |
| Service Months | this is the number of months to be added to the years to get your asset life - so if the asset had a life of 2.5 years then this would be 6 months (1/2 year) |
| Service Date | This is the date that depreciation will be calculated from - leave blank |
| Depreciation convention | See next page |
| Year | This designates the time period that the depreciation percent will apply to - there should be an entry with associated percentage for each year depreciation is taken |
| Percent | Must total 100 percent. This is the percentage each year that will be applied to the basis to calculate depreciation - for example if this column was 10 and your asset had a basis (Cost less Salvage value) of 120 then the annual depreciation would be 12 and the monthly depreciation would be 1. This is expressed in whole number 10=10% |
| ? | At any time, user can select the "?" to get more details on the "Depreciation Methods" Screen |
| Audit Log | The "Audit Log" Tab will show changes that were done and by who |
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