Setting depreciation parameter

This page allows you to set parameters for depreciation book. You can specify the code of the depreciation book for which the parameters are to be set. This page allows you to specify if the depreciation value has to be considered for the year of sale.

Select the “Set Depreciation Parameter” link in the “Set Depreciation Book” page.

The “Set Depreciation Parameter” page appears.

Enter the following details in the “Depreciation Book Details” group box:

Depreciation Book Code

Use the drop-down list box to specify the code identifying the depreciation book. The system lists the “Corporate”, “Tax” and other ‘Active’ depreciation books for selection.

The system displays the following:

Description

The textual description pertaining to the depreciation book.

Enter the following in the “Parameter Details” group box:

Disallow Depreciation for the year of sale

Use the drop-down list box to specify whether the depreciation value is considered during the sale. The system lists the options “Yes” and “No”. Select “Yes” if the depreciation is not considered for the year of sale, else select “No”. The system displays “No” by default.

Click the “Save” pushbutton to set the depreciation parameter.

The system displays the following details:

Last Modified By	The login ID of the user who last modified the depreciation parameters.
Last Modified Date	The date on which the user last modified the depreciation parameters.