EAM:How To Setup Method That Depreciates Yearly On Rates Defined By The User (Doc ID 1540120.1)

Last updated on MARCH 09, 2017

Applies to:

PeopleSoft Enterprise FIN Asset Management - Version 9.1 and later
Information in this document applies to any platform.

Goal

We have a requirement to set-up a method that depreciates yearly on rates defined by the user.

Eg:- Rates will be set up by the user.
year 2013 = 20%
year 2014= 30%

 Asset was added with 100$ in 2013. the depreciation should take place on the cost with rate of 20% for its entire life.
  depr per year = 100 * 20%
 If other asset is added with cost 200$ in 2014, then the depreciation should be calculated with rate 30% for its entire life.
  depr per year = 200 * 30%

So please let us know if there is a delivered method to achieve this or the steps to set this up.
 

Solution

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