Depreciation Schedule Fields

A depreciation schedule is a single amount by which an asset is to be depreciated by on a certain date. Depreciation schedules are created when you click Generate Depreciation Schedules on a fixed asset or a depreciation book. The depreciation schedule that is generated depends on the depreciation method and time period basis chosen on the depreciation book.. Here is a description of the fields on a depreciation schedule.

Field Name	Description
Active	Indicates whether the depreciation schedule is active. When this checkbox is selected, the status of the depreciation schedule is set to Exported. If the depreciation schedule belongs to an accounting book, upon export the record is passed to the accounting system. Once a depreciation schedule has been exported, it cannot be changed. Note: Notes For record keeping and auditing reasons, if the depreciation schedule belongs to a tax, MACRS tax, or custom depreciation book, we recommend that you select the Active checkbox on each depreciation schedule that has been claimed for tax or included in an analysis report. If Active is not selected on a tax, MACRS tax, or custom depreciation schedule, the depreciation from that schedule is not included in Accumulated Depreciation, Net Book Value and Written Down Value calculations on the related depreciation book. Once the Active checkbox is selected on a depreciation schedule associated with a tax, MACRS tax, or custom depreciation book, the status of that depreciation schedule is changed to Exported. This does not send any messaging to the accounting system.
As of Date	Internal use only.
Depreciation Amount	Amount by which to depreciate the asset for this schedule.
Depreciation Book	The depreciation book to which the schedule relates.
Effective Depreciation Date	Date on which the depreciation schedule was applied to the fixed asset.
Fixed Asset	Fixed asset to which the schedule relates.
MACRS Rate	If the schedule was generated by a MACRS tax book, this is the rate that was used to calculate the depreciation amount.
Period Start Date	Internal use only.
Status	Status of the depreciation schedule. The status can be: Pending - no action has been taken in the accounting system Exported - the journal for the depreciation schedule has been created in the accounting system. Terminated - the asset associated with the depreciation schedule has been canceled or disposed of.
Tax Amount	Tax amount applied to the depreciation schedule.
Units of Production (Actual)	Contains the actual units of production for the depreciation schedule.
Units of Production (Estimated)	Contains the estimated units of production for the depreciation schedule.

Field Name

Description

Active

Indicates whether the depreciation schedule is active. When this checkbox is selected, the status of the depreciation schedule is set to Exported. If the depreciation schedule belongs to an accounting book, upon export the record is passed to the accounting system. Once a depreciation schedule has been exported, it cannot be changed.

Note: Notes Note icon

For record keeping and auditing reasons, if the depreciation schedule belongs to a tax, MACRS tax, or custom depreciation book, we recommend that you select the Active checkbox on each depreciation schedule that has been claimed for tax or included in an analysis report.

If Active is not selected on a tax, MACRS tax, or custom depreciation schedule, the depreciation from that schedule is not included in Accumulated Depreciation, Net Book Value and Written Down Value calculations on the related depreciation book.

Once the Active checkbox is selected on a depreciation schedule associated with a tax, MACRS tax, or custom depreciation book, the status of that depreciation schedule is changed to Exported. This does not send any messaging to the accounting system.

As of Date

Internal use only.

Depreciation Amount

Amount by which to depreciate the asset for this schedule.

Depreciation Book

The depreciation book to which the schedule relates.

Effective Depreciation Date

Date on which the depreciation schedule was applied to the fixed asset.

Fixed Asset

Fixed asset to which the schedule relates.

MACRS Rate

If the schedule was generated by a MACRS tax book, this is the rate that was used to calculate the depreciation amount.

Period Start Date

Internal use only.

Status

Status of the depreciation schedule. The status can be:

Pending - no action has been taken in the accounting system
Exported - the journal for the depreciation schedule has been created in the accounting system.
Terminated - the asset associated with the depreciation schedule has been canceled or disposed of.

Tax Amount

Tax amount applied to the depreciation schedule.

Units of Production (Actual)

Contains the actual units of production for the depreciation schedule.

Units of Production (Estimated)

Contains the estimated units of production for the depreciation schedule.

Related Concepts

Depreciation Books

About MACRS Depreciation

Grouping Assets

Fixed Assets

Depreciation Methods