Depreciation Codes {ACS-5}


Educational institutions do not usually depreciate their assets in the same way as commercial undertakings do, and the depreciation facility in this system is intended to be used only for those assets which belong to other bodies and where depreciation may be required.


Depreciation code "01" is reserved for zero depreciation, and should be applied to all the assets owned by the institution. The user may create other types with varying rates of depreciation.


Fields in the option:

Block 1:  Depreciation Codes

Field Type
&
Length		 Description
Code N2  A unique code allocated to the particular rate of depreciation.
Rate N2.2 The percentage depreciation used in the annual calculation.
Description A30 The type of depreciation.
Mode A1 Enter whether the asset should be depreciated on a (S)traight-line basis or (R)educing scale balance.

Example:

Example of acs-5b1



Block 2:  Depreciation Ranges

Field Type
&
Length		 Description
Year N4 x
Range Code N2
Lower Value N15
Upper Value N15

Example:

Example of acs-5b2



Block 3:  Depreciation Structures

Field Type
&
Length		 Description
Asset Category x x
Asset Category Description
Standard/Tax Depreciation
Range Code for Depreciation
Depreciation Code
Depreciation Rate
Method
Depreciation Code Description


Example:

Example of acs-5





Processing
Rules		  
  No special processing rules


See Also:



History Of Changes

Date System Version By Whom Job Description
20-Oct-2006 v01.0.0.0 Amanda Nell t134002 New manual format.