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This page allows you to set the function defaults for depreciation processing. You can also modify the parameters that have already been set. You can allow the depreciation to be carried out before the period or the year-end. You can also default 30 days for a month and include the capitalization date for depreciation. You can also specify the number of rounding off decimals while calculating the depreciation. The system saves all the parameters set and updates the login ID of the user to the last modified by and the system date to the last modified date..
Select the “Set Function Defaults” link under the “Asset Depreciation Setup” business component.
The “Set Function Defaults” page appears.
Enter the following fields:
Note: The system displays the earlier defined value for the parameter, if it has been already set.
Allow Depreciation before period or year-end |
Use the drop-down list box to select “Yes” to indicate that the depreciation must be calculated before the period or the year end. The options available are “Yes” and “No”. The system displays “No” by default on launch of the page. |
Rate Based Depreciation – 30 days month |
Use the drop-down list box to select “Yes” to indicate that the month comprises 30 days. The system takes 360 days in a year and calculates depreciation accordingly. The options available are “Yes” and “No”. The system displays “No” by default on launch of the page. |
Include capitalization date for depreciation |
Use the drop-down list box to select “Yes” to indicate that the date on which the assets are capitalized are also taken up for depreciation. Otherwise the system starts depreciating the asset from the next day of capitalization. The options available are “Yes” and “No”. The system displays “No” by default on launch of the page. |
Include processing (non-capitalization) date |
Use the drop-down list box to select “yes” to include the non- capitalization date also for depreciation. The options available are “Yes” and “No”. The system displays “No” by default on launch of the page. |
Number of rounding off decimals - Rate |
Use the drop-down list box to select the number of rounding of decimals while calculating the depreciation. The system displays the number from 0 to 5 for selection. The system displays the number 3 by default on launch of the page. |
Click the “Set” pushbutton to set the function defaults.
The system displays the following:
Last Modified By |
The login ID of the user who last modified the assignment. |
Last Modified Date |
The date on which the assignment was last modified. |
The system saves all the parameters set. The system updates the login ID of the user to the last modified by and the system date to the last modified date.
To proceed, carry out the following
Select the “Function Defaults” link at the bottom of the page to view the function defaults.
