Edit Depreciation Information

Resources depreciate in value each fiscal year. In Resource Manager, depreciation information consists of two parts – Depreciable Life and Depreciation Convention. Depreciable Life is the period of time over which a resource depreciates, while Depreciation Convention determines how much an asset depreciates over the course of its life. This is based on the IRS depreciation conventions.

Depreciation Convention Options:

• Half-Year: The item's value depreciates by one half-year of the fiscal year, regardless of when in the year the item was acquired or retired.
• Mid-Month: The item's value depreciates by one half-month for the month the item was acquired or retired, plus the total amount for each additional month the item is active in the collection.
• Mid-Quarter: The item's value depreciates by one half-quarter for the quarter the item was acquired or retired, plus the total amount for each additional quarter the item is active in the collection.

To edit Depreciation Information:

1. Select Catalog > Add Resource > Edit Templates sub-tab.
2. Select Add (), Edit (), or Duplicate ().
3. In the Depreciation Information section, click .
4. Deselect the Inherit Depreciation Information from... checkbox.
5. In the Depreciable Life field that appears, enter the number of years this resource has to depreciate.
6. From the Depreciation Convention drop-down, select the method to use when this resource is acquired and retired.
7. Click OK.