Define a custom method for calculating depreciation

To define a custom method for calculating depreciation, complete the following steps.

Open the desired client.

Open the Asset List window for an activity.

In the Asset List window, select Setup
then Custom Methods
.

Select Add
to open the Add Custom Method window.

Enter a name for the custom method.

Specify the period convention you want to use.

note

For a description of each field, select F1
to view the window overview topic.

Select Continue
to open the Annual Rates window.

Enter the depreciation percentages for up to 40 years. (Note that as you enter rates, the rate total is displayed at the bottom of the window.)

Select OK
. The custom method is added to the list in the Custom Methods window.

Select Done
.

note

The custom method is now available for selection from the Method
field on the Depreciation tab of the Asset Detail window.

You can define up to 99 custom methods of calculating depreciation.

These methods are available to all clients, not just the open client.