Creating depreciation category

This page allows you to define a depreciation category for the asset class. You can provide a unique code for the depreciation category and a description to it. The system updates the status of the depreciation category to “Fresh” on creation. It is activated in “Assign Rule” activity when a Depreciation Rule is mapped to a Depreciation Book Code. The system also updates the login ID of the user to the created by and the system date to the created date.

Select the “Create Category” link at the bottom of the “Create Depreciation Rule” page.

The “Create Depreciation Category” page appears.

Enter the following field:

Asset Class Code

Use the drop-down list box to select the code identifying the asset class. The system loads all the asset class defined in the “Create Asset Class” activity of the “Asset Type Definition” business component, for selection. The system displays the first asset class by default on launch of the page.

Enter the following fields in the “Depreciation Category Details” multiline:

Note: The system lists all the depreciation category defined for the asset class in the multiline.

Depreciation Category	A unique code identifying the depreciation category (Alphanumeric, 20). Mandatory.
Depreciation Category Description	The textual description pertaining to the depreciation category (Alphanumeric, 100). Mandatory.

Click the “Create Category” pushbutton to create the depreciation category.

The system updates the status of the depreciation category to “Fresh”.

The system also stores the login ID of the user to the created by and system date to the created date.

To proceed, carry out the following

Select the “Assign Rule” link at the bottom of the page to assign the depreciation rule to the depreciation book.
Select the “View Rules” link at the bottom of the page to the view the depreciation rule.
Select the “Function Defaults” link at the bottom of the page to the view the function defaults.