Archibus SaaS / Assets / Depreciation
Assets / Asset Portal / Depreciation
Assets / Assets / Depreciation
Assets / Enterprise Assets /Depreciation
Asset Depreciation: Overview
Using the Depreciation process, you calculate depreciation for tagged furniture and equipment inventories, and generate reports that analyze asset financial information. For each furniture and equipment item, you can check its current value, depreciation cost for particular periods, and accumulated depreciation.
In order to generate depreciation data for an asset, you must associate a depreciation method and a depreciation period with the asset. Rather than assign this information to each asset, you develop depreciation property types that define depreciation methods and periods, and then assign a depreciation property type to each tagged furniture and equipment asset.
From Web Central, you use Web forms to develop and update your depreciation data, such as depreciation logs and depreciation property types, and to assign property types to your furniture and equipment assets. These Web forms includes drill-down selection lists and the Smart Search console to facilitate locating specific equipment and tagged furniture records.
The Smart Client provides grid views for these same tasks. Grid views are the most efficient way to work when performing bulk data entry or updates.
The below procedures are applicable to both the Smart Client and Web Central.
Procedure
Prerequisite: Develop a tagged furniture inventory and/or an equipment inventory.
- Define depreciation logs.
- Define depreciation property types.
- Assign property types to equipment assets and tagged furniture assets. Ensure that the data required for calculating depreciation is entered (Purchase Price, Salvage Value, Install Date for equipment, Delivery Date for furniture). See:
- Calculate depreciation with these actions:
- Analyze depreciation and costs with depreciation reports.
Note: When working from Enterprise Assets or Assets, in addition to using the Depreciation process to set up and calculate depreciation, you can use the Asset Lifecycle Console to review and calculate depreciation. See Reviewing and calculating depreciation data (Consoles).