Depreciation Method List

The Depreciation Method List page allows authorized users to view, maintain, and add a list of all asset depreciation methods. The system only calculates depreciation using the straight line method. Depreciation begins the month after the capitalization date (e.g., an asset with a capitalization date of March 15 will begin depreciating in April). Another method can be used, however users will have to calculate the depreciation outside of the system and manually key it into the system.

To access the Depreciation Method List page, go Maintenance > Financial Management > Asset Management > Depreciation Methods.

Click Refresh at any time to repopulate and update the list to include any changes made by you or other authorized users.

Add or Edit a Depreciation Method

To add a new depreciation method click New. To edit an existing depreciation method, click the Code hyperlink to open the existing record.

In Code, type a unique alpha-numeric identifier for the method. This field is disabled in Edit mode.
In Description, type a text to describe the method, for example, Straight Line.
Select the Active check box if it is an active depreciation method; a method cannot be made inactive if it is assigned to an asset.
In Formula, select either Straight Line (system calculated) or Other (manually calculated).
Click OK.

Delete a Depreciation Method

To delete a depreciation method, select it in the list and click Delete. The Delete button is hidden or disabled if you do not have the appropriate security permissions. If you are authorized, when you click Delete you are prompted to confirm the deletion.

Print a Depreciation Methods List

To print a report of all Depreciation Methods, click Print. This Print button is hidden if you do not have the appropriate security permissions.
Click OK to submit the listing to myReports.