CAM Depreciation Process 

The Capital Asset Management depreciation process is a monthly process that calculates and sends depreciation expense entries to the General Ledger and adjusts the affected asset records. Two methods can be used for the depreciation calculation: straight line, and salvage value. Each asset is depreciated from its asset depreciation date and is depreciated evenly over the asset's useful life.

The asset depreciation date for a movable asset is set to the date the asset was added. By convention, a non-movable asset uses January 1 of the current calendar year as the asset depreciation date.

Every capital asset is assigned an asset type code. The asset type has an associated description, useful life, moving code, and required building code.

The federally-owned portion of an asset is excluded from the depreciation calculation. In addition, assets with a pending asset transfer or retirement are not eligible for depreciation. Depreciation is posted to the associated plant fund, campus, or organization and to the appropriate chart code and account.


Batch Process Steps