Simulate Depreciation – A summary of the activity

This activity allows you to simulate depreciation for an asset and view its impact before actual depreciation processing. You can also simulate depreciation in batches if the count exceeds certain limit. You can apply more than one depreciation rule for an asset and view its impact individually. This activity allows you to simulate depreciation for the existing asset or the new asset. You can also simulate depreciation based on the asset proposal. You can also include the revaluation cost of an asset or the suspension period set for simulation.

The system automatically generates a simulation run number based on the numbering type selected. The system updates the status of the simulation run number to “Processing”.

Getting familiar with the pages inside

What you can do in this activity

Simulate depreciation in batches

Apply more than one depreciation rule

Include revaluation and suspension for simulation

Simulate depreciation for new asset

Simulate depreciation based on proposal

View simulation depreciation

Simulate depreciation in batches

If the number of assets selected exceeds some limit, then the assets can be simulated in batches.

•  Go to “Simulate Depreciation” page.

•  Specify the simulation information and the information regarding the existing and the new assets.

• Simulate the depreciation in batches.

Apply more than one depreciation rule

More than one depreciation rule can be applied to an asset for simulation.

•  Go to “Simulate Depreciation” page.

•  Specify a unique depreciation rule number in the multiline.

•  Simulate the depreciation.

Include revaluation and suspension for simulation

The revaluation cost of an asset and the suspension period set for an asset can also be included for simulating depreciation.

•  Go to “Simulate Depreciation” page.

•  Include revaluation and suspension for the existing asset.

•  Simulate depreciation.

Simulate depreciation for new asset

The depreciation processing can be simulated for the new assets created.

•  Go to “Simulate Depreciation” page.

•  Provide the textual description pertaining to the new asset and the cost of the new asset based on which the depreciation must be simulated.

•  Simulate depreciation.

Simulate depreciation based on proposal

The depreciation can be simulated based on the asset proposal.

•  Go to “Simulate Depreciation” page.

•  Specify the proposal number.

• The proposal cost will be taken as the cost of the new asset.

Note: Either the new asset description and new asset cost or the proposal no. must be specified.

View simulation depreciation

The simulation depreciation on a yearly basis can be viewed through this activity.

•  Go to “View Depreciation by Year” page.

• Specify the simulation number for which the details are to be viewed.

• View the depreciation charged on an asset for each depreciation rule.