Siebel Field Service Guide > Assets > Obtaining Asset Information >

Calculating the Value and Cost of an Asset

Follow these procedures to calculate the costs and value of assets.

Calculating Adjusted Cost

The following procedure calculates the adjusted cost of an asset from the original cost, plus the value of enhancements, minus the value of depreciation, write-downs, and so on.

To calculate the adjusted cost of an asset

1. Navigate to the Assets screen > List view.
2. Drill down on the Asset # field for a selected asset and click the Value view tab.
   1. In the Original Cost field, enter the original cost, if necessary.
   2. In the Value Basis field, select Adjusted.
   3. In the Condition field, select the asset's condition.
3. For an action that affects the value of the selected asset, create a new record in the Asset Valuation subview and complete the fields as appropriate.
4. On the Value form, click Recost.

   Field Service calculates and returns the Adjustment amount and Adjusted Cost to the corresponding fields on the Value form. The adjusted cost is calculated as the original cost, plus or minus the sum of values in the Amount column of the Asset Valuation subview. The calculation also includes a factor for the asset's condition. For more information, see Asset Mapping.

Calculating Value-Based Cost

The following method of determining the cost of an asset uses the value basis for the asset. These variables are defined in the Asset Mapping View.

To calculate the value and replacement cost of an asset

1. Navigate to the Assets screen > List view.
2. Drill down on the Asset # field for a selected asset that has one or more associated cost lists.

   NOTE:  An asset is associated with a cost list through the product on which it is based. To display the selected cost list's associated products, navigate to Administration - Pricing screen > Cost Lists view and click the Cost List Line Items tab.

3. Click the Value view tab. Then in the Cost List field, select a cost list.
4. In the Value Basis field, select a value other than Adjusted and click Recost.

   Field Service calculates and returns the Asset Value and Replacement Cost to the corresponding fields on the Value form. The calculation is done by one of the following methods:

   • Asset Value = Factor * Original Cost
   • Replacement Cost = Factor * Cost List Value of Product

     NOTE:  To specify which method to use for the value-based cost calculation, navigate to the Administration - Pricing screen > Cost List view and click the Asset Mapping view tab. In the Cost Field, select Asset Value or Replacement. For more information, see Asset Mapping.