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Use the Method/Life Wizard during asset data entry
To use the Method/Life Wizard during asset data entry, perform the following steps.
- Open the client and, if necessary, select an activity folder.noteIf you select a folder that doesn’t have an activity, you'll be prompted to create a new activity.
- Select theAddbutton to add a new asset.
- In theAsset Detailwindow, enter the asset's description, date in service, and information for any association fields.
- In theCost/basisfield of the Tax column, enter the asset's cost/basis.
- Select theMethod/Life Wizardbutton (or press F6).noteBy default, all activities use the General asset class list, except for Farm, which defaults to using the Farm asset class list. You can change the list of asset classes that is available from the button for the Method/Life Wizard.
- Select the proper asset class for the asset you are entering.
- Depending on the asset class you chose, a window may open in which you must enter additional information. To view detailed information about the window, press Ctrl + F1 to view the help for that window.
- The application either automatically fills in the methods and lives that are set up in the Method/Life Wizard, or it fills in the methods and lives that are equal to or derived from another treatment.noteIf you return to the Method/Life Wizard in an asset in which the Method/Life Wizard was used to enter the methods and lives, a checkmark will appear to the left of the previously selected class.