How To
Summary
How to test Asset Depreciation functionality.
Environment
Maximo 7.6.X
Steps
1. Go to the Asset Application
2. Open an Asset to set Depreciation schedule.
2. Select More Actions/Depreciation Schedule/Manage Depreciation Schedules
Starting Cost will be Purchase price ( 18500 )
Set Salvage Amount : 500
Check 'Create GL Transactions' option and Set GL Credit/Debit account accordingly.
Depreciable cost = Purchase Price - Salvage Price. It will be used for calculating Depreciation Amount.
Depreciable cost = 18500 - 500 = 18000
In Schedule Definition, Set Period, period Units and Method.
Set Period : 10
Set Period : Month
1) In Case to use Method with 'Straight Line' :
Click Ok
When using SL method,
Depreciation Rate = (100% / Life span )
In this example, Depreciation Rate = 100%/10 months = 10% per month.
It means that 1800 ( 10% of depreciable cost ) will be depreciated per month.
Click Preview.
You can see that 1800 will be depreciated every month.
2) In Case to use Method with 'Double-Declining Balance Depreciation':
Depreciation Rate : (100% / Life span ) * 2
In this example, Depreciation Rate = (100%/10 months) * 2 = 20% per month.
It means that 3700 ( 20% of Depreciable cost ) will be depreciated per month.
Now, go to Cron Task application
Turn on DepreciationFinTransCronTask. It will update ASSET's current value after applying depreciation amount.
Document Location
Worldwide
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Document Information
Modified date:
07 August 2019
UID
ibm10964588