Calculating Remaining Value
PeopleSoft Asset Management calculates remaining value and remaining life using five asset attributes:
Begin Depr Date
Transaction Date
Life
Cost
Accumulated Depreciation
Calculations differ depending on which calculation type is used and the relationship between the beginning depreciation date and the transaction date. The following examples show how the calculation is performed for each method.
The following table shows data that is used in the calculation examples that follow it.
|
Attributes |
Data |
|---|---|
|
Transaction Date |
10/1/2006 |
|
Accounting Date |
10/1/2006 |
|
In-Service Date |
3/1/2006 |
|
Life |
60 periods |
|
Cost |
6,000 USD |
|
Accumulated Depreciation |
500 USD |
|
Calculation Type |
Remaining Value |
|
Convention |
Half-Year |
|
Method |
Straight-Line |
|
Depreciate When In Service Switch |
N |
|
Begin Depr Date |
7/1/2006 |
|
Remaining Value |
5,500 USD |
|
Remaining Life |
60 periods |
Remaining Value
The following example illustrates remaining value:
The following table shows data that is used in the calculation example that follows it.
|
Attributes |
Data |
|---|---|
|
Transaction Date |
10/1/2006 |
|
Accounting Date |
10/1/2006 |
|
In-Service Date |
3/1/2006 |
|
Life |
60 periods |
|
Cost |
6,000 USD |
|
Accumulated Depreciation |
500 USD |
|
Calculation Type |
Life to Date |
|
Convention |
Half-Year |
|
Method |
Straight-Line |
|
Depreciate When In Service Switch |
N |
|
Begin Depr Date |
7/1/2006 |
|
Remaining Value |
6,000 USD |
|
Remaining Life |
60 periods |
Remaining Value
The following example illustrates remaining value: