| Asset Book (tffam1110s000) |  |
| Use this session to associate books with an asset. You maintain book details for an asset-book relationship. When you enter an asset into ERP LN, you assign one or more books to the asset. You use books to record asset depreciation and other transactional data for your organization's assets. Asset books are defined by default in the Default Books (tffam0510m000) subsession of the FAM Parameter (tffam0100s000) session (Button: Book Parameter). Books can be added or removed as needed. However, you cannot remove or modify a book for which the Required Book check box in the Default Book (tffam0110m000) session is selected, nor the default General Ledger book. Any nonrequired book can be removed prior to asset capitalization. For each book you create, you specify whether assets associated with the book depreciate or not. An asset can depreciate differently in different books, or not depreciate at all in a book. Depreciation values for the asset are stored at asset-book level. You also specify the type of book. Assets marked as ADR cannot be depreciated in this session. You can start the Vintage/Group Account (tffam7170s000) session and run depreciation on the entire account. If you select an asset with an ADR book and try to depreciate it, ERP LN processes all other books and assets, and skips the ADR book. An asset book is considered suspended when the current period is set as suspended in the depreciation frequency record in use for the asset book. When an asset is suspended, it does not depreciate. Related topics Assets and Related Books Asset Statuses Asset Book Statuses Using Asset Book Transactions
Fields | Description
Asset Number | The asset number and asset extension create a unique identifier for the asset in the selected company.
Asset Number | The description or name of the code.
Asset Extension | The asset number and asset extension create a unique identifier for the asset in the selected company.
Asset Extension | A working environment in which you can carry out logistic or financial transactions. All the transaction data is stored in the company's database. Depending on the type of data that the company controls, the company is: A logistic company. A financial company. A logistic and a financial company. In a multisite structure, some of the database tables can be unique for the company and the company can share other database tables with other companies.
Asset Book | Identifies the book associated with the asset. Book codes permit you to define the books used by assets to record transactional data. Each asset must have at least one asset-book relationship. Related topics To use From and To fields
Asset Book | The description or name of the code.
Prop. Type | A classification of fixed assets for United States legal tax depreciation requirements. Classification of assets used with the United States federal tax depreciation to identify assets for reporting purposes. Property type is also validated when a vintage or MACRS group account is added to an asset.
Prop. Type | A classification of fixed assets for United States legal tax depreciation requirements. The property type code identifies the unique property type set up in Property Types (tffam7180m000). Default value is from the Category (tffam2100s000) session.
Prop. Type | The description or name of the code.
Depreciation Code | The depreciation system according to which depreciation, value reduction, revaluation, and so on are calculated. Default value From Category (tffam2100s000), according to the book type. Otherwise, if the asset is associated with an account for the ADR book, the method set for the vintage/group account is selected by default. Identifies the depreciation method set in the Depreciation Methods (tffam7510m000) session. If the method you selected is a Federal method with an embedded class life, the class life value is by default entered into the life field.
Depreciation Code | The description or name of the code.
Guarantee Value | The guarantee value of the asset book. Guarantee Value = Original Cost of the Asset * percentage of Guarantee Factor. The Guarantee Factor is specified in the Depreciation Method (tffam7110s000) session. Note The field is a display field. The value is calculated when you define the Depreciation Based on Guarantee Factor depreciation method for the asset book. Related topics Depreciation Based on Guarantee Factor
Depreciation Frequency | A way to determine how often depreciation is recorded. It also determines whether a particular period is suspended. Default value Obtained from FAM Parameter (tffam0100s000), according to the book type.
Frequency | The description or name of the code.
Last Depr. Date | Last date depreciation was calculated for the selected asset.
Shift Factor | The shift factor takes an extra depreciation factor for an asset that is used beyond a typical 8-hour workday. For example, a machine may be used for two 8-hour shifts per day. Allowed values The value cannot fall below 1.0 The shift factor depends on tax regulations. For instance, in Germany the shift factor is 1.25 for two shifts, and 1.5 for three shifts. The default shift factor is defined in the Asset (tffam1100s000) subsession of the Assets (tffam1500m000) session. The shift factor of U.S. books (Financial, Federal Tax, Other Tax) are disallowed for modification. The depreciation value is multiplied by shift factor.
MACRS Depr. By | If the MACRS Depreciation By method you selected does not conform to United States federal type book requirements, ERP LN will automatically switch to the appropriate type of depreciation method.
Depreciate Below Salvage | If this check box is selected, the asset is able to depreciate below salvage value.
Depreciation Postings to General Ledger | Transactions are created for the specified asset book in the General Ledger module.
Separate Revaluation Accounting | If this check box is selected, the revaluation costs and revaluation depreciation amounts of the asset are calculated separately, they are not added to the normal costs and depreciation amounts. The separate ledger transactions are posted to the General Ledger module.
Text | If this check box is selected, a text is available.
Current Cost | The cost of the asset in the selected book, for the current period. ERP LN calculates the depreciation amount as follows: Depreciation amount = Transaction costs / Asset life. If the costs in relation to the asset life are so low that after rounding off the amount according to the currency definition the depreciation amount approaches zero, a warning message appears.
Current Cost | One of a company's base currencies in which ERP LN registers and reports amounts. In a multicurrency system, up to three home currencies can be defined: The local currency Two reporting currencies From the Tools menu, choose Rotate Currency to switch home currencies.
Original Cost | Cost of the asset in the selected book at the time you ran the capitalization transaction.
Depreciation Amount | Amount of depreciation for the selected asset in the current period.
YTD Depreciation | The Year To Date Depreciation (YTD) is the accumulated depreciation for the selected asset and book in the current year.
Accum.Depreciation | Total accumulated depreciation for the selected asset and book life to date.
Net Book Value | Current value of the asset in the selected book, minus the accumulated depreciation.
Accl. Depreciation | If this check box is selected, you performed accelerated depreciation on the asset. Related topics Accelerated depreciation
Salvage Value | Value of the asset after it completely depreciates.
Sec. 179 Value | Amount of the U.S. tax section 179 deduction for which the selected asset and book are eligible. For federal tax - U.S. book the cost is reduced by the section 179 value before calculating depreciation.
Capitalized Interest | Amount of capitalized interest for the asset in the selected book.
Current ITC Amount | Investment tax credit for which the asset is eligible in the selected book. Only available for Federal Tax, Other Tax, or Statutory tax books.
Allocated Cost | Indirect costs incurred in the purchase of an asset, such as costs incurred in shopping.
Asset Life (YY/MM) | The combination of the year and month fields provide the expected useful life of the asset in the selected book. ERP LN calculates the depreciation amount as follows: Depreciation amount = Transaction costs / Asset life. If the costs in relation to the asset life are so low that after rounding off the amount according to the currency definition the depreciation amount approaches zero, a warning message appears.
Asset Life (YY/MM) | The combination of the year and month fields provide the expected useful life of the asset in the selected book. ERP LN calculates the depreciation amount as follows: Depreciation amount = Transaction costs / Asset life. If the costs in relation to the asset life are so low that after rounding off the amount according to the currency definition the depreciation amount approaches zero, a warning message appears.
Asset Life (Units) | If the depreciation method you selected is Units of Production, the asset life is displayed in units. This field displays the expected useful life of the asset in the selected book.
Remain. Life (YY/MM) | The combination of the year and month fields indicate the amount of the asset's life in the selected book that remains to be depreciated.
Remain. Life (YY/MM) | The combination of the year and month fields indicate the amount of the asset's life in the selected book that remains to be depreciated.
Remain. Life (Units) | If the depreciation method you selected is Units of Production, the asset remaining life is displayed in units. This field indicates the amount of the asset's life in the selected book that remains to be depreciated.
Count of Suspended Periods | The number of periods for which the asset was not depreciated because you suspended the depreciation in the Mass Suspend Depreciation (tffam1207m000) session. Note This field is not affected by suspended depreciation that you perform using the Suspended Periods (tffam7120m000) session. Related topics Suspending depreciation
Recapt. Life (YY/MM) | The combination of the year and month fields provide the recaption life of the asset in the selected book.
Recapt. Life (YY/MM) | The combination of the year and month fields provide the recaption life of the asset in the selected book.
Remain. Depr. Life (YY/MM) | The total remaining depreciation life, expressed as the sum of the remaining asset life and the number of periods in the Count of Suspended Periods field.
Revaluation Index | An update of the current value of a fixed asset to market prices. In Financials, you can revaluate a fixed asset based on an index or enter the amount manually.
Last Reval. Year | Indicates the last time you ran revaluation for the selected asset book.
Additional Periodic Posting | If this check box is selected, additional posting will occur.
Posting Amount | The amount of additional posting, if any.
Depreciation Code | Select the depreciation code for the calculation of the additional posting amounts.
Depreciation Code | The description or name of the code.
Economic Recapture | If this check box is selected, and the asset is assigned to a calculatory book which is set up for posting to the General Ledger book, depreciation for the asset is permitted beyond a net book value of zero. The asset book continues to depreciate while having a status of fully depreciated thereby allowing depreciation to continue when the last depreciation date is greater than the recovery end date. Note Economic recapture does not affect asset capitalization or transfer.
Commands | Description
Accounts | Displays the accounts related to the distribution line selected.