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This page allows you to view the depreciation rule details along with the yearly depreciation rates. You can view the details like the code identifying the depreciation rule, its description, the code identifying the depreciation rate, useful life of an asset, maximum and the minimum depreciation. You can also view the yearly percentage set for the useful life of an asset. The system also displays the creation details of the depreciation rule along with the modification history.
Select the “View Rule” link at the bottom of the “Select Rule” page.
The “View Depreciation Rule” page appears.
The system displays the following fields:
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Status |
The status of the depreciation rule. |
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Asset Class Code |
The code identifying the asset class. |
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Depreciation Rule No. |
The number identifying the depreciation rule. |
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Rule Description |
The textual description pertaining to the depreciation rule. |
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Depreciation Rate Id |
The code identifying the depreciation rate. |
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Depreciation Method |
The method in which the assets are to be depreciated. |
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Basis |
The basis on which the assets are depreciated. |
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Depreciation Rate Details |
The rates defined for the depreciation rate ID. |
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Useful Life of Asset |
The number of years in which the assets could be of use. |
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Maximum Depreciation |
The maximum depreciation that can be provided for a depreciation calendar year for a set of assets. |
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Minimum Depreciation |
The minimum depreciation that can be provided for a depreciation calendar year for a set of assets. |
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Depreciation Convention |
Indicates the convention that is being followed while depreciating. The depreciation convention could be “Prorate”, “Mid Year”, "Mid Month", “Mid Period”, “Full Period”, "Mid Month" and “User Defined”. |
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First Year Convention % |
The percentage based on which the depreciation must be calculated. |
The system displays the following fields in the “Depreciation Rate Details” multiline.
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Year |
The number of years specified in the “Useful Life of Asset” field. |
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Yearly Percentage |
The percentage on which the depreciation must be calculated every year. |
The system displays the following fields:
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Created By |
The login ID of the user who created the depreciation rule. |
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Created Date |
The date on which the depreciation rule was created. |
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Last Modified By |
The login ID of the user who last modified the depreciation rule. |
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Last Modified Date |
The date on which the depreciation rule was modified last. |
To proceed, carry out the following
Select the “View Rate” link at the bottom of the page to view the depreciation rate.
Select the “View Calendar” link at the bottom of the page to view the depreciation calendar.
Select the “View Category” link at the bottom of the page to view the depreciation category.
Select the “View Assigned Rules” link at the bottom of the page to view the category assigned to the depreciation book.
Select the “Function Defaults” link at the bottom of the page to view the function defaults.
Select the “View Depreciation Book” link at the bottom of the page to view the depreciation book.
