Entering and Depreciating Asset Items

You can enter and depreciate or amortize asset items.

After you enter configuration settings in Configuration > Asset Management and other related setup, you can enter asset items and process depreciation or amortization for them as outlined in the following table.

Step	Description	Location in Vision
1	Enter asset items in the following ways: In Transaction Entry, enter an accounts payable voucher that will automatically create an asset item in the Equipment Info Center. In Purchasing, enter a purchase order, change order, or release order that will automatically created an asset item in the Equipment Info Center. Enter asset items directly in the Equipment Info Center.	Transaction Center > Transaction Entry (AP Vouchers) or Purchasing > Purchase Orders or Info Center > Equipment
2	Enter information for calculating depreciation or amortization for asset items: In the Equipment Info Center, you: Review the depreciation or amortization information that prefills for an asset item. Enter other required information before you process depreciation or amortization for asset items. This includes changing the status of an asset item from Inactive to Active before you can process depreciation for it. Assign employees to an asset item. (optional)	Info Center > Equipment
3	Process depreciation or amortization for an asset item.	Asset Management > Depreciation Processing

Other processing for asset items that you complete in the Asset Management application are:

• Transferring or splitting an asset item in Asset Management > Transfer/Split Processing.
• Disposing of an asset item Asset Management > Disposal Processing.

You can also review summary information and section 179 information for asset items in Asset Review and Section 179 Review in the Asset Management application.