Setting suspension period

This page allows you to set the suspension period for the asset. Tell me more.

Select the “Set Suspension” link at the bottom of the “Process Depreciation” page.

The “Set Suspension Period” page appears.

Enter the following fields:

Suspension No.

A unique number identifying the suspension (Alphanumeric, 18). Mandatory.

Note: The suspension number must be unique and the depreciation must not be processed in the suspension period.

Description	The textual description pertaining to the suspension number (Alphanumeric, 256). Mandatory.
Depreciation Book Code	Use the drop-down list box to select the code identifying the depreciation book. The system lists all the depreciation book defined in the “Create Depreciation Setup” activity of the “Asset Depreciation Setup” business component. The system displays “Corporate” by default on launch of the page.
Suspension Start Date	The starting date of the suspension period (Date Format). Mandatory. The start date must be within the “Open” or “Provisionally Closed” financial year.

Note: The suspension start date must be later than the Fixed Asset installation date.

Suspension End Date

The ending date of the suspension period (Date Format). Mandatory. The date entered here must be greater than the suspension start date.

Enter the following fields in the “Asset Selection” group box to retrieve the asset details for which the suspension period has to be set.

Finance Book	Use the drop-down list box to select the code identifying the finance book. The system lists all the finance book created in the “Create Finance Book” activity of the “Organization Setup” business component. The system displays the first finance book in the list by default on launch of the page.
Asset Class Code	Use the drop-down list box to select the code identifying the asset class. All the asset class defined in the “Create Asset Class” activity of the “Asset Type Definition” business component. The system displays “All” by default on launch of the page.
Depreciation Category	Use the drop-down list box to select the code identifying the depreciation category. The system lists all the depreciation category belonging to the selected asset class. The system leaves the field blank by default on launch of the page.
Asset No.	The number identifying the asset (Alphanumeric, 18).
	Help facility available.
Tag No.	The number identifying the asset tag (Alphanumeric, 18).
	Help facility available.
Cost Center	The code identifying the cost center in which the asset is physically or logically grouped (Alphanumeric, 5). The cost center must have been defined in the “Create Cost Center/Unit” activity of “Cost Setup” business component.
Asset Location Code	The code identifying the asset location in which the assets are physically located (Alphanumeric, 20). The asset location must have been defined in the “Create Asset Location” activity of the “Asset Location” business component.
	Help facility available.

Click the “Get Details” pushbutton to retrieve the asset information.

The system displays the following fields in the “Asset Details” multiline:

Depreciation Category	The code identifying the depreciation category.
Cost Center	The code identifying the cost center.
Asset No.	The number identifying the asset.
Tag No.	The number identifying the asset tag.
Asset Location Code	The code identifying the asset location in which the assets are physically located.

Check the box in the “Select” column of the multiline to mark the asset for setting the suspension period.

Note: Atleast one asset must be marked for setting the suspension period.

Click the “Set Suspension Period” pushbutton to set the suspension period.

Note: The suspension period set, must not overlap the already existing suspension period.

The depreciation processing status for the asset / tag number must be in “Unprocessed” status.

The system saves the suspension period set.

Click the “Delete Suspension Period” pushbutton to delete the suspension period set.

Note: The depreciation processing status for the asset / tag number must be in “Unprocessed” status.

The system deletes the suspension period for the selected asset/tag number.

The system deletes the suspension number if all the asset tags are deleted for the suspension period.

To proceed, carry out the following

Select the “View Suspension Period” link at the bottom of the page to view the suspension period.
Select the “View Rules” link at the bottom of the page to view the depreciation rule set.
Select the “Function Defaults” link at the bottom of the page to view the function defaults.

Setting suspension period – An overview

You can also delete the suspension period that has already been set. Suspension period will be generally set for an assets that has been sent for service or overhauling etc. In other words, suspension period is set for an asset that is not been in use. The depreciation will not be processed for those assets whose suspension period has been set. You can specify a unique number identifying the suspension, its textual description, the code identifying the depreciation book in which the suspension period has to be set, the start date and the end date suspension period. You can select the asset by carrying out the search using the code identifying the finance book, the code identifying the asset class, the code identifying the asset, the code identifying the asset tag, the code identifying the cost center and the asset location.

The system deletes the suspension period for the selected asset / tag number. The system deletes the suspension number if all the asset tags are deleted for the suspension period.