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Siebel Field Service Guide > Assets > Obtaining Information About Assets >

Calculating the Value and Cost of an Asset

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

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

Navigate to the Assets screen.
Select an asset.
Click the Value view tab.
In the Original Cost field, enter the original cost, if it is not already there.
In the Value Basis field, select Adjusted.
In the Condition field, select the asset's condition.
To create a record for an action that affects the value of the selected asset, create a new record in the Asset Valuation subview.
On the Value view tab, click Recost.

Field Service calculates the adjusted cost 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.

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. See Asset Mapping.

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

Navigate to the Assets screen.
Select an 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 Site Map > Pricing Administration > Cost Lists and click the Cost List Line Items tab.

Click the Value view tab.
In the Cost List field, select a cost list.
In the Value Basis field, select a value other than Adjusted.
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 Pricing Administration > Cost List and click the Asset Mapping view tab. In Cost Field, selecting Asset Value or Replacement. See Asset Mapping.

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