To Configure Australian Depreciation Methods

On the Depreciation Methods (FA202500) form, you can configure formula-based depreciation methods by using any of the available depreciation calculation methods, which are described in detail in Predefined Depreciation Methods.

To Configure the Remaining Value by Days in Period Method

Note: The formula used by the system to calculate the depreciation expenses by using this depreciation method is described in Australian Depreciation Methods.
  1. Open the Depreciation Methods (FA202500) 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 Calculation Method box, select Remaining Value by Days in Period.
  5. Optional: In the Description box, enter a description of the depreciation method that will help users to easily find this method in the list of available depreciation methods.
  6. In the Averaging Convention box, select Full Day.
  7. On the form toolbar, click Save.

To Configure the Australian-Specific Methods

Note: The formulas used by the system to calculate the depreciation expenses with the Australian Prime Cost and Australian Diminishing Value depreciation methods are described in Australian Depreciation Methods.
  1. Open the Depreciation Methods (FA202500) form.
  2. In the Depreciation Method ID box, type the name of the new method.
  3. In the Calculation Method box, select Australian Prime Cost or Australian Diminishing Value.
  4. Optional: In the Description box, enter a useful description of the depreciation method that you are configuring. The description will make it easy for users to find this method in the list of available depreciation methods.
  5. In the Percent per Year box, specify the part of the asset net book value (as a percent) that should be depreciated for each year.
  6. On the form toolbar, click Save.