Create a Group Master Record for Group Tax Depreciation
Create a group master record for group tax depreciation
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Go to Fixed Assets > Lists > Assets > New.
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Type a name for this group master record.
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On the General subtab, select a Subsidiary. The subsidiary of this group master record must match the subsidiary of the assets defined for the group depreciation.
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Set Original Cost and Residual Value to zero.
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Enter values for the following required fields: Asset Type, Accounting Method, and Asset Lifetime.
Asset Type can be of any value.
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Enter values for the other fields.
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Click Save.
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Click the Depreciation History subtab.
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Click New FAM Alternate Depreciation.
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In the Alternate Method field, select the group tax depreciation method.
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Check the Group Master box.
The Group Master box is available only if the selected alternate method is a group depreciation method (Group Depreciation box is checked).
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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 are depreciated, you can open the group master asset record and view its depreciation history. The Creating FAM Alternate Depreciation 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:
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Yes – Shows only transactions from the Depreciation Schedule Reports (Fixed Assets > Reports > Depreciation Schedule).
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No – Shows transactions from the Asset Depreciation (Fixed Assets > Transactions > Asset Depreciation).
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All – Shows all depreciation history.