Siebel Field Service Guide > Assets > Process of Managing Assets >

Calculating Adjusted Cost of Assets (End User)

You can calculate the adjusted cost of an asset. In the calculation, the value of enhancements is added to the original cost of the asset and the value of depreciation, write-downs, and so on is subtracted from the original cost of the asset.

This task is a step in Process of Managing Assets.

To calculate the adjusted cost of an asset

1. Navigate to the Assets screen, then the List view.
2. Drill down on the Asset number (#) field for a selected asset, and click the Value view tab.
3. In the form, complete the following fields:
   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 a value to designate the condition of the asset.
4. In the Asset Valuation list, create at least 1 new record for the action that affects the cost of the asset, and complete the fields as appropriate.
5. On the form, click Recost.

   The Adjustment and Adjusted Cost fields in the form are populated with the result of the calculation. The Adjusted Cost field is calculated as follows:

   (Original Cost field plus or minus the sum of the values in the Amount field of the Asset Valuation list) multiplied by the Factor field in the appropriate asset mapping record.

   If asset mapping is not set up for the asset, then a factor of 100% is used in the calculation. For more information, see Creating Asset Mapping Records.