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Use this form to create and manage value models for fixed assets.

A value model contains the basic information about one life cycle attached to a fixed asset. A fixed asset can have several different value models.

A derogatory value model only can be used with a master value model when you select a derogatory value model in the field. The tax depreciation will be calculated for an asset, based on the derogatory value model, and the transactions will be posted to general ledger.

Tasks that use this form

Navigating the form

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

Tabs

Tab

Description

Overview tab

Create value models, and select the for each value model. View the list of values models.

General tab

Set up depreciation profiles, rounding, and other parameters for the value model that is selected on the tab.

Attach other value models to the value model that is selected on the tab.

Attach depreciation books to the value model that is selected on the tab.

Fields

Field

Description

Identification of the value model used to post normal depreciation.

Description, of the value model for easy identification.

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

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Select to default activate depreciation calculation for all fixed assets created with this value model.

This is only a default choice. On the form, the selection can be switched off to deactivate or suspend the depreciation calculation for the current fixed asset.

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.

is one of the most important setups, carried by 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 special depreciation method exits, which combines two different depreciation methods, usually and . The company is entitled to post the highest depreciation.

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This option has been included to enable companies in different countries to deal with different types of special depreciation legislation. Very often this is a question of a tax relieve in certain geographical areas or certain types of business in order to encourage the development in this area.

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As the depreciation is an allocation of the fixed asset value, many companies wish to post rounded amounts only, for example 1.100 instead of 1100,99 or even 10.000 instead of 8.800.

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Reduces the last depreciation by this amount and keeps the at this amount until disposal. Thus the entered value remains as residual book value for the depreciated fixed assets. Only in case of the remainder value is set to 0,00.

Select to allow transactions, which would create a net book value higher than acquisition costs.

Select to allow transactions, which would create a negative net book value of the fixed asset/value model.

Select the fixed asset calendar to use for this value model.

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.


Select a derived value model. The purpose of the derived value models is to copy fixed asset transactions from one value model to a different one. This functionality is especially useful, when a fixed asset is set up with, for example, one value model for accounting and one for tax.

Select the type of transaction for the derived value model.

Select a derived depreciation book. The purpose of the derived depreciation book is to copy fixed asset transactions from one depreciation book to a different one. This functionality is especially useful, when a fixed asset is set up with, for example, one depreciation book for accounting and one for tax.

Select the type of transaction for the depreciation book.

Buttons

Button

Description

Attach the value model that is selected on the tab to fixed asset groups, and view the fixed asset groups that have the selected value model attached.

A similar functionality exists in , in which you click to attach a value model to a fixed asset group.