Define assets 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.

Define assets for group tax depreciation

1. Go to Fixed Assets > Lists > Assets.
2. Select the asset record to be included in the group depreciation.
3. Click the Depreciation History subtab of the asset record
4. Click New FAM Alternate Depreciation Method.
5. In the Alternate Method field, select the group tax depreciation method that you created. Notice that the Group Depreciation box is already checked.
6. Enter the Book Value (NBV).
7. Enter or edit values in the other fields.
8. Click Save.
9. Repeat steps 1 to 8 for as many assets in the same subsidiary until you have defined all assets that are required in the group. The next step is to create a group master record for group tax depreciation.