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Use this form to create fixed asset groups that will carry the selected value model, or view the fixed asset groups that currently carry the value model.

The value models carried by a fixed asset group are the default value models of every fixed asset assigned to that fixed asset group.

Tasks that use this form

Navigating the form

The following tables provide descriptions for the controls in this form.

Tabs

Tab

Description

Overview tab

View or create value model/fixed asset group combinations.

General tab

View additional information about the value model/fixed asset group combination that is selected on the tab.

Fields

Field

Description

Identification of the value model.

Select the posting layer for fixed asset transactions for the value model.

For depreciable assets, select the primary depreciation profile that will forward the calculation rules for depreciation calculation to each fixed asset, which has been set up with this value model.

Setting up depreciation profiles is one of the most important setup steps for the value model. It is fixed on the value model and defines the depreciation method, depreciation period, and rounding.

In some countries, such as Belgium and Germany, a depreciation method exists that combines two different depreciation methods, usually and . The company is entitled to post the highest depreciation.

Enter the lowest amount of the depreciation allowed for this value model.

As the depreciation is an allocation of the fixed asset value, many companies wish to post rounded amounts only, such as 1.100 instead of 1100.99 or 10.000 instead of 8.800.

The depreciation convention for this book.

Select if fixed assets in this group should be depreciable.

The depreciation periods of the fixed asset specified as units of the period frequency for the depreciation profile.

Example

If the field has a monthly basis and the field is set to 5, then the number of depreciation periods will be 60. If the basis is semi-annual, the number of depreciation periods will be 10.

The service life of the fixed asset, in years.

Select the derogatory value model to calculate derogatory depreciation. The value model will be used to post calculate and post the tax depreciation.

Note Note

This field is available only if the configuration key for France is selected.

Select this option to use the value model for derogatory depreciation.

Note Note

This field is available only if the configuration key for France is selected.

Identification of the group.

Method used for depreciation.

The percentage of the depreciable value.

The and fields are related, which means that the options in the drop-down list depend on the option selected in this drop-down list.

If you selected in the field of the form, displays , , , or .

If you selected in the field of the form, displays or .

The field is displayed when the depreciation method is , , , , or .