Asset Type Codes {ACS-2}


This option is used to define Asset Types and to set default values per asset type. The purpose of Asset Type Codes are to group asset together. Asset Types are  linked to an Asset Category, which is a broader grouping of similar Asset Types. 


Fields in the option:

 Panel box 1:  Asset Type Codes

Field Type
&
Length		 Description
Code N4  An unique code for the asset type and a description of the type code.
Asset Category N2 The asset category linked to the asset type. Asset categories are defined in {ACS-1} . This asset category is not updateable if the asset type has been linked to an asset.
Asset Class A1 The class of asset linked to the asset type.

The following asset classes can be linked to an asset type:
  • (L)and
  • Land (I)mprovements
  • (B)uildings 
  • (E)quipment
  • (P)lant
  • (O)ther
The asset group on the asset category determines the the asset class that may be linked to the asset type. If the asset group on the asset category is IMMOVABLE only Land, Land Improvements or Buildings may be linked as asset class. If the the asset group on the asset category is MOVABLE only Equipment, Plant or Other is allowed  as asset class.

This asset class is not updateable if the asset type has been linked to a asset.
Tax Depreciation Rate N3.2 The default tax depreciation rate for the asset type is expressed in percentage.
Useful Life N4 The default useful life of the asset type. Useful life is expressed in months 
Accounting Model A1 The accounting model to be used on the asset type.  The system supports the (C)ost Based model and (R)evaluation models.
Default Capital Cost Centre A6 The default cost centre that will default as the capital cost centre when an asset is created.
Default Capital Account Number A8 The default account that will default as the capital account when an asset is created.
Default Depreciation Cost Centre A6 The default depreciation cost centre that will default as the depreciation cost centre when an asset is created.
Default Accumulated Depreciation Cost Centre A6 The default accumulated depreciation cost centre that will default as the accumulated depreciation cost centre when an asset is created.


Example:

acs-2b1p1i2.jpg

 


Processing
Rules		  
  No special processing rules


See Also:

History Of Changes

Date System Version By Whom Job Description
21-AUG-2007 v01.0.0.0 Elize de Swardt t137484 New manual format.
23-Jan-2008 v01.0.0.1 Amanda Nell t146713 Add new images
19-JAn-2009 v01.0,.0.2 Marchand Hildebrand t152121 System Owner Proof Read
09-Jul-2014
 v04.0.0.0
 Nokuthula Mafenuka
 t197279
 Add new image
29-Apr-2016
 v04.0.0.0
 Farai Mukwambo
 t197279
 Changed block to panel box and updated image
20-Jul-2020
 v04.1.0.0
 Ndivhanga Mushando
 t244649
 Update manual to INT 4.1