Create a group master record for group tax depreciation

To use group tax depreciation methods for a group of assets, do the following tasks:

1. Create an alternate depreciation method to use for group tax depreciation.
2. Define assets for group tax depreciation.
3. Create a group master record for group tax depreciation.
4. Run Asset Depreciation for the group of assets.
5. Generate an Asset Depreciation Schedule Report. For more information, see Generating Asset Reports.

Create a group master record for group tax depreciation

1. Go to Fixed Assets > Lists > Assets > New.
2. Type a name for this group master record.
3. On the General subtab, select a Subsidiary. The subsidiary of this group master record must be the same as the subsidiary of the assets defined for the group depreciation.
4. Set Original Cost and Residual Value to zero.
5. Provide values for the following required fields: Asset Type, Accounting Method, and Asset Lifetime. Asset Type can be of any value.
6. Provide values for the other fields.
7. Click Save.
8. Click the Depreciation History subtab.
9. Click New FAM Alternate Depreciation.
10. In the Alternate Method field, select the group tax depreciation method.
11. Check the Group Master box.
12. Group Master box is available only if the selected Alternate Method is a group depreciation method (Group Depreciation box is checked).
13. Click Save.

To run Asset Depreciation for the group, see Asset Depreciation.

To generate a Depreciation Schedule report for the group, see Generating Asset Reports.

After assets have been depreciated, you can open the group master asset record and view its depreciation history. The FAM Alternate Depreciation Sublist can be found in the Depreciation History subtab of the asset record. Click the Depreciation Histories link to view the transactions. The Schedule filter in the Depreciation History page provides the following options:

• Yes – Display only transactions from the Depreciation Schedule Reports (Fixed Assets > Reports > Depreciation Schedule).
• No – Displays transactions from the Asset Depreciation (Fixed Assets > Transactions > Asset Depreciation).
• All – Displays all depreciation history.