EAM:How To Setup Method That Depreciates Yearly On Rates Defined By The User
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.
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.
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