To Configure Table Methods of Asset Type

After you configured a table method of class type, as described in To Configure Table Methods of Class Type, you use the Depreciation Table Methods (FA202600) form to configure table methods of asset type. Table methods of asset type specify the annual percentage in the convention periods for the methods of class type.

To Configure a Table Method of the Asset Type

1. Open the Depreciation Table Methods (FA202600) form.
2. On the form toolbar, click Add New Record.
3. In the Depreciation Method ID box, type the name of the new method.
4. In the Record Type box, select the Asset type.
5. In the Class Method, box, specify the table method of class type.
6. In the Useful Life, Years box, review the setting copied from the selected class method.
7. In the Recovery Period box, review the setting automatically calculated by the system based on the useful life.
8. In the Description box, specify the description of the method.
9. In the Averaging Convention box, select an averaging convention to be used for the table method.
10. In the Convention Period, type the convention period for which this method specifies the annual percentage.
11. In the table, type the rates for the recovery years.

    The sum of the rates specified for each row in the Percent per Year column, displayed in the Total Percent box, must be less than or equal to 100.

12. On the form toolbar, click Save.