Understanding User-Defined Depreciation

PeopleSoft Asset Management enables you to create and use your own depreciation method. This topic provides the information that you need to do so.

To create and use depreciation methods:

1. Review the variables available for use in your depreciation formula.

   This topic includes a table that lists the commonly used user-defined depreciation variables. Also included is an inquiry page, where you can review these variables within the system. Review the available variables, and then proceed to create depreciation formulae.

2. Define the formula that you want to use for depreciation.

   Do this in a series of steps, and then review the steps on a summary page that PeopleSoft provides for this purpose.

3. Assign the user-defined method to assets.

   You can do this on several different pages within the system.

4. Save the user-defined depreciation method.

5. Generate a user-defined method SQC program.

   This SQC is called by the main depreciation calculation program, AM_DEPR_CALC, during depreciation calculations. It processes all user-defined depreciation methods by SetID.