Fixed Assets

ymchou

Member
Can anyone enlighten me on the following:-

1) At Depreciation Rules Revision, we can define the Lower Limit Formula and Upper Limit Formula. What is the usage of these 2 formulas?

2) Assuming my asset cost is $10,000. There is an initial allowance of $2000 which I calculate under ledger type D1. My annual allowance is 15% every year ie. $1500 which I track under ledger type D2.

How can I set the depreciation for D2 so that it will stop depreciating once the allowance reaches a maximum of $8000 ( ie $10,000 - $2,000) ?

3) Is there a way to set a formula for the system to calculate the salvage value as a percentage of cost?

Thanks in advance!
 
I have to confess I'm pretty ignorant on the use of ITC in JDE.

There is a field for Investment Tax Credit under Tax information for the asset. Guess I'm supposed to key the value here. But how or which depreciation method will know that it has to look at the ITC as part of the calculation?

Is there a particular set up I must do in order to activate it?

TQ
 
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