<?xml version="1.0" encoding="utf-8"?>
<Session ID="/baanerp/tf/fam/tffam1135m000" xml:lang="en">
	<Header>
		<Title xmlns:ssa="http://www.ssaglobal.com" xmlns:HTML="http://www.w3.org/TR/REC-html40">Asset Class (tffam1135m000)</Title>
	</Header>
	<HelpTopic><AimSection><Paragraph>Use this session to determine the <Link href="/baanerp/tf/glossary/glossary#000161" role="glossary">life</Link> of the assets in the class, either by determining a single life value, or by providing a range of values from which the life might be selected. This determines the life of the assets in the class.</Paragraph>
		</AimSection>
		<GeneralSection><Paragraph>If you select <Link href="/baanerp/tf/glossary/glossary#000115" role="glossary">ADR</Link> as the account type, you enter the Lower Life, Midpoint Life, and Upper Life for ADR Vintage accounts. If you select <Link href="/baanerp/tf/glossary/glossary#000139" role="glossary">MACRS</Link> as the account type, you enter the Alt. Depreciation Life, General Depreciation Life, and Class Life for the MACRS Group accounts. The life of an asset affects its <Link href="/baanerp/tf/glossary/glossary#000141" role="glossary">recovery period</Link>.</Paragraph>
			<Note><SectionTitle>Note</SectionTitle>
				<Paragraph>Once an asset class is in use by a <Link href="/baanerp/tf/glossary/glossary#000148" role="glossary">vintage/group</Link> account, it cannot be edited.</Paragraph>
			</Note>
		</GeneralSection>
	</HelpTopic>
	<Fields><FieldHelp ID="tffam135.acls"><Header>
				<Title xmlns:ssa="http://www.ssaglobal.com" xmlns:HTML="http://www.w3.org/TR/REC-html40">Asset Class</Title>
			</Header>
			<FuncDesc>A unique identifier for the tax code class for the assets in the <Link href="/baanerp/tf/glossary/glossary#000148" role="glossary">vintage/group</Link> account. The class determines the available life range for <Link href="/baanerp/tf/glossary/glossary#000115" role="glossary">ADR</Link> assets or the actual <Link href="/baanerp/tf/glossary/glossary#000161" role="glossary">life</Link> for <Link href="/baanerp/tf/glossary/glossary#000139" role="glossary">MACRS</Link> group assets. The life set in the ADR book for all assets in the account must be the same as the life set for the account.</FuncDesc>
		</FieldHelp>
		<FieldHelp ID="tffam135.desc"><Header>
				<Title xmlns:ssa="http://www.ssaglobal.com" xmlns:HTML="http://www.w3.org/TR/REC-html40">Description</Title>
			</Header>
			<FuncDesc>The description or name of the code.</FuncDesc>
		</FieldHelp>
		<FieldHelp ID="tffam135.type"><Header>
				<Title xmlns:ssa="http://www.ssaglobal.com" xmlns:HTML="http://www.w3.org/TR/REC-html40">Account Type</Title>
			</Header>
			<FuncDesc>Indicates whether the account can be used to track <Link href="/baanerp/tf/glossary/glossary#000115" role="glossary">ADR</Link> Vintage Account assets or <Link href="/baanerp/tf/glossary/glossary#000139" role="glossary">MACRS</Link> group assets.</FuncDesc>
			<Note><SectionTitle>Note</SectionTitle>
				<Paragraph>If you select ADR, Lower Life, Midpoint Life, and Upper Life are applicable. If you select MACRS Group, Alt. Deprec Life, Gen. Deprec. Life, and Class Life are applicable.</Paragraph>
			</Note>
		</FieldHelp>
		<FieldHelp ID="form.llif"><Header>
				<Title xmlns:ssa="http://www.ssaglobal.com" xmlns:HTML="http://www.w3.org/TR/REC-html40">Alt. Deprec Life/ Lower Life</Title>
			</Header>
			<FuncDesc>Lower life is the minimum life for <Link href="/baanerp/tf/glossary/glossary#000115" role="glossary">ADR</Link> Vintage Account assets. The lower class life is typically 20% lower than the class midpoint. It is available only for <Link href="/baanerp/tf/glossary/glossary#000148" role="glossary">vintage</Link> accounts with an account type of ADR.</FuncDesc>
			<SimpleSection><Paragraph>The Alternative Depreciation Life (Alt. Deprec Life)is the number of years the assets in the <Link href="/baanerp/tf/glossary/glossary#000139" role="glossary">MACRS</Link> group accounts can depreciate using the alternate methods of depreciation (such as Alternative Minimum Tax preference calculation. This is required for some IRS Federal - U.S. tax regulations, and is available only for group accounts with an account type of MACRS.</Paragraph>
			</SimpleSection>
		</FieldHelp>
		<FieldHelp ID="form.mlif"><Header>
				<Title xmlns:ssa="http://www.ssaglobal.com" xmlns:HTML="http://www.w3.org/TR/REC-html40">Gen. Deprec Life/ Midpoint Life</Title>
			</Header>
			<FuncDesc>Midpoint Life is the point from which the federal tax lower and upper class lives are measured. In some cases, the midpoint life only is allowed for an <Link href="/baanerp/tf/glossary/glossary#000115" role="glossary">ADR</Link> account. It is available only for <Link href="/baanerp/tf/glossary/glossary#000148" role="glossary">vintage</Link> accounts with an account type of ADR.</FuncDesc>
			<SimpleSection><Paragraph>The General Depreciation Life (Gen. Deprec Life) is the number of years the assets in the MACRS group account can depreciate using the standard depreciation expense allowed by IRS Federal tax - U.S. regulations. It is available only for group accounts with an account type of MACRS.</Paragraph>
			</SimpleSection>
		</FieldHelp>
		<FieldHelp ID="form.ulif"><Header>
				<Title xmlns:ssa="http://www.ssaglobal.com" xmlns:HTML="http://www.w3.org/TR/REC-html40">Class Life/ Upper Life</Title>
			</Header>
			<FuncDesc>The Upper Life is the maximum number of years the <Link href="/baanerp/tf/glossary/glossary#000115" role="glossary">ADR</Link> Vintage Account asset can depreciate. The upper class life is typically 20% higher than the class midpoint. Available only for vintage accounts with an account type of ADR.</FuncDesc>
		</FieldHelp>
	</Fields>
</Session>
