Overview tab

Create and view depreciation profiles.

At a minimum, a profile includes a unique identification and a depreciation method that allocates depreciable value (acquisition price reduced by scrap value, if any) into accounting periods.

General tab

View additional information about the depreciation profile that is selected on the Overviewtab.

Depending on the method you select for a depreciation profile, different fields will appear in this form.

Manual schedules

Open the Manual schedulesform, in which you can set up the depreciation schedule for the depreciation profile that has a manual depreciation method and that is selected on the Overviewtab.

Depreciation profile

The identification of the depreciation profile.

Name

The name of the depreciation profile.

Method

Select the method used for depreciation. For more information, see Depreciation methods and conventions. Depending on the method that you select, different fields will be displayed in this form.

Percentage

The percentage of the depreciable value.

Depreciation year

Select the type of year you use to calculate depreciation. The depreciation year and the period frequency are related, so the options in the Period frequencydrop-down list depend on the option selected in this field.

Interval

The interval indicates how often depreciation is to occur. Choose from the following intervals:

• Yearly- The depreciation is posted one time only, which is on December 31 of each year

• Monthly- The depreciation is posted as 1/12 of the yearly amount each month

• Quarterly- The depreciation is posted as 1/4 of the yearly amount each quarter

• Half-Yearly- The depreciation is posted as 1/2 of the yearly amount each half-year

Period frequency

If you selected Calendaras the depreciation year, the options are Yearly, Monthly, Quarterly, and Half-Yearly.

Note
(THA) The Dailyoption also is available if the configuration key for Thailand is selected.

If you selected Fiscalas the depreciation year, the options are Yearlyand Fiscal period.

Depending on the method that you select for a depreciation profile, different options will appear in this field.

Low cost value

Enter the maximum value of the assets included in the pool. For example, if assets must be less than 1,000 to be included in this pool, enter 1000.

Note
(AUS) This field is available only if the configuration key for Australia is selected and you selected Low value poolin the Method.

Low value pool % first year

Enter the percentage to calculate depreciation for low cost assets that were added to the low value pool in the current year.

Note
(AUS) This field is available only if the configuration key for Australia is selected and you selected Low value poolin the Method.

Low value pool %

Enter the percentage to calculate depreciation for low value assets that have been added to the low value pool in the current year and the prior year.

Note
(AUS) This field is available only if the configuration key for Australia is selected and you selected Low value poolin the Method.

Calculation base

Select whether to calculate depreciation on a daily or monthly basis if you are using the Manualdepreciation method.

Note
(ITA) This field is available only if the configuration key for Italy is selected.

Full depreciation

Select this check box to use the net book value in the last period based on service life.