Depreciation History Subtab

When you save a new asset record, the system automatically adds the Depreciation History subtab.

The subtab lists history records for both accounting and tax methods linked to the asset. You can click Depreciation Histories to open the Depreciation History page in a new tab or window. The Transaction Type column shows the history of asset activity (acquisition, depreciation, revaluation, disposal). If the activity involves financial adjustments, you can view the transaction details through the posting reference.

The Schedule filter on the Depreciation History page provides the following options:

• Yes – Shows only transactions from Depreciation Schedule Reports (Fixed Assets > Reports > Depreciation Schedule).

• No – Shows transactions from Asset Depreciation (Fixed Assets > Transactions > Asset Depreciation).

• All – Displays all depreciation history.

You can assign tax depreciation methods to an asset from this subtab. Each method can have a different asset lifetime and residual value. These assignments let you track tax or corporate reporting methods on the asset. The system calculates values automatically when you run a Depreciation Schedule report for the asset type. Tax depreciation methods are used for analysis purposes and don't generate financial transactions.

You can also view and add new alternate method for the asset. For more information, see Creating FAM Alternate Depreciation.

General Notices