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Use this form to create, update, or delete depreciation books. You can create an unlimited number of books. Each depreciation book must have an ID that is unique from all value model IDs and depreciation book IDs.

Depreciation is the allocation of the cost of an asset over a period of time for accounting and tax purposes. You can use depreciation books to calculate depreciation for a group of assets.

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 and view depreciation books.

General tab

Set up additional information for the selected depreciation book.

Fields

Field

Description

Enter or view the identification for the book.

Type or view the description of the bonus depreciation record.

Select the fixed assets calendar for the specified depreciation book.

Select this option if the asset can be depreciated.

Select the depreciation profile for the depreciation book. This profile will be the default profile when you set up asset group depreciation books.

Select the depreciation profile to use as a depreciation switchover. When the alternative method amount is greater than or equal to the primary depreciation profile amount, the depreciation amount taken will be the alternative method amount.

Select the depreciation profile to use as an extraordinary profile for the asset. You might use this to account for extra depreciation such as a natural disaster.

How the depreciation amount should be rounded. 1.00 means to the nearest dollar, 10.00 means to the nearest 10 dollars, etc.

The lowest net book value the asset depreciation book can go.

Select this option to allow the net book value for an asset to be higher than the acquisition costs for the asset.

Select this option to allow the net book value amount for an asset to be negative.

Buttons

Button

Description

Opens the Asset group depreciation book setup form, where you can create fixed asset groups. The groups that are associated to the selected depreciation book are displayed.