Depreciation Setup Tab

This section includes fields and descriptions for the Depreciation Setup tab of the Asset Home workspace.

Book Depreciation Information Island

Field	Description
Disallow Automatic Book Depreciation	Select this check box to disallow the automatic book depreciation in the Depreciations tab of the Registrations section. When this check box is selected, you are required to depreciate the assets manually in the Adjustments tab of the Registrations section.
Depreciation Method	Here you enter the depreciation method. You can choose between the methods that are defined in the Depreciation Methods pop-up field. If nothing is entered, the value will be copied from the asset group.
Depreciation Start Date	This field shows the date when the asset starts to depreciate. It must be earlier or the same as the depreciation base date.
Depreciation Period	Here you enter the number of months the asset is to be depreciated over. If nothing is entered, the value will be copied from the asset group.
Depreciation Base Date	This field shows the date when you purchased the asset.
Periods After Depreciation Base Date	This field shows the number of months the asset is to be depreciated after the depreciation base date.
Last Depreciation	This is the date the asset was last depreciated.

Tax Depreciation Information Island

Field	Description
Disallow Automatic Tax Depreciation	Select this check box to disallow the automatic tax depreciation in the Adjustments tab of the Registrations section. When this check box is selected, you are required to depreciate the assets in the Depreciations tab of the Registrations section.
Asset Cost Factor	Enter the taxable value of the asset, which can be more than the cost price. This field allows you to adjust the taxable value. It is independent from the other fields in the Tax Depreciation Information island.
Yearly Percentage	This field shows the yearly percentage according to the number specified in the Years field.
First Year Factor	Enter the first year factor that balances the asset depreciation in the first year's limit. The value in this field extends the depreciation into an additional fiscal year in the end. The default value 100% indicates that there is no change to the amount.
First Year Percentage	This field shows the first year percentage when the Yearly Percentage field is further restricted by the First Year Factor field for the first year only.
Table	Enter or select the Tax Depreciation Table name to use in the table-based depreciation. Note:You cannot use the tax depreciation table in combination with the Years, First Year Factor, or Strict Yearly Limit fields.
Years	Specify the number of years to depreciate the asset using the straight line depreciation.
Strict Yearly Limit	Specify whether the yearly percentage is set as a limit for each year. Delayed depreciation cannot be added on top of the yearly percentage. This field is deselected by default, which allows depreciation if the accumulated yearly depreciation do not exceed the accumulated yearly percentage.

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Depreciation Setup Tab

This section includes fields and descriptions for the Depreciation Setup tab of the Asset Home workspace.

Book Depreciation Information Island

Field	Description
Disallow Automatic Book Depreciation	Select this check box to disallow the automatic book depreciation in the Depreciations tab of the Registrations section. When this check box is selected, you are required to depreciate the assets manually in the Adjustments tab of the Registrations section.
Depreciation Method	Here you enter the depreciation method. You can choose between the methods that are defined in the Depreciation Methods pop-up field. If nothing is entered, the value will be copied from the asset group.
Depreciation Start Date	This field shows the date when the asset starts to depreciate. It must be earlier or the same as the depreciation base date.
Depreciation Period	Here you enter the number of months the asset is to be depreciated over. If nothing is entered, the value will be copied from the asset group.
Depreciation Base Date	This field shows the date when you purchased the asset.
Periods After Depreciation Base Date	This field shows the number of months the asset is to be depreciated after the depreciation base date.
Last Depreciation	This is the date the asset was last depreciated.

Tax Depreciation Information Island

Field	Description
Disallow Automatic Tax Depreciation	Select this check box to disallow the automatic tax depreciation in the Adjustments tab of the Registrations section. When this check box is selected, you are required to depreciate the assets in the Depreciations tab of the Registrations section.
Asset Cost Factor	Enter the taxable value of the asset, which can be more than the cost price. This field allows you to adjust the taxable value. It is independent from the other fields in the Tax Depreciation Information island.
Yearly Percentage	This field shows the yearly percentage according to the number specified in the Years field.
First Year Factor	Enter the first year factor that balances the asset depreciation in the first year's limit. The value in this field extends the depreciation into an additional fiscal year in the end. The default value 100% indicates that there is no change to the amount.
First Year Percentage	This field shows the first year percentage when the Yearly Percentage field is further restricted by the First Year Factor field for the first year only.
Table	Enter or select the Tax Depreciation Table name to use in the table-based depreciation. Note:You cannot use the tax depreciation table in combination with the Years, First Year Factor, or Strict Yearly Limit fields.
Years	Specify the number of years to depreciate the asset using the straight line depreciation.
Strict Yearly Limit	Specify whether the yearly percentage is set as a limit for each year. Delayed depreciation cannot be added on top of the yearly percentage. This field is deselected by default, which allows depreciation if the accumulated yearly depreciation do not exceed the accumulated yearly percentage.