Asset Depreciation Information Tab

Capital Asset Modules > Capital Asset Management (CAM) > CAM Lookup and Maintenance E-Docs > Edit Asset > Document Layout

Asset Depreciation Information Tab

WorFD64

This tab contains the current asset depreciation information in the Old section. Most of this information is view only. The New section may be used to update the depreciation method and the salvage amount only.

Asset Depreciation Information tab definitions

Title	Description
Depreciation Method Code	Required. Select the code for the depreciation method from the list or search for it from the Asset Depreciation Method lookup . There are two depreciation methods defined: SL - straight-line SV - salvage value
Depreciation Life Limit	Display-only. The useful life (depreciable life) of the asset.
Depreciation Date	Display-only. The date the depreciation of the asset started.
Base Amount	Display-only. The amount eligible for deprecation. It excludes any federal or other owned amounts. The base amount is calculated by summing the account amounts on payment records that do not have federally funded financial object sub-type codes of: CF Capital Movable Equipment - Federal Funded UF University Constructed - Federal Funded BF Building and Attached Fixt - Federal Funded LF Library Acquisition - Federal Funded
Salvage Amount	Optional. Enter the amount the university could recover if the asset is salvaged. This amount cannot be greater than the base amount.
Accumulated Depreciation	Display-only. The depreciation that has taken place on an asset up to the present time.
Book Value	Display-only. The value of an asset according to its balance sheet account balance.
Year To Date	Display-only. The depreciation that has taken place on the asset for the current fiscal year.
Current Month	Display-only. The depreciation that has taken place on the asset for the current month.
Previous Year	Display-only. The depreciation that has taken place on the asset during the preceding fiscal year.