Defining Depreciation Limits

To set up depreciation terms, use the Limits (DEPR_LIMIT_DEFN) component.

Depreciation limits are used to specify the maximum amount of depreciation that you can expense on your assets for each year of life.

This topic discusses how to define depreciation limits.

Page Name

Definition Name

Usage

Depreciation Limits Page

DEPR_LIMIT_DEFN

Specify the maximum amount of depreciation that you can expense on your assets for each year of life. As a rule, depreciation limits are specified by tax authorities.

Use the Depreciation Limits page (DEPR_LIMIT_DEFN) to specify the maximum amount of depreciation that you can expense on your assets for each year of life.

As a rule, depreciation limits are specified by tax authorities.

If you choose, you can use the delivered Depreciation Limit table to reduce the number of table setup tasks. PeopleSoft Asset Management delivers limits based on U.S. tax law. Currently, this defines depreciation limits for luxury automobiles.