Asset Life

These functions determine the length of an asset's life:

Function	Description
Life Periods (ADLM)	(Asset Life Days) = ((Life Periods) / (Normal Number of Period)) * 365.25 Use the over/under convention to stop depreciating at the end of the asset's life.
Continue Depreciation Beyond the Asset's Life (OUDC)	Use the over/under convention to continue depreciation. Set up the Thru Life Year to 998 (Methods 06, 09, 15, 17, 18).
Life Year Reference (LYRC)	The default is determined by the Fiscal Year. The asset life year is determined by the modified start date and is calculated by period.

Function

Description

Life Periods (ADLM)

(Asset Life Days) = ((Life Periods) / (Normal Number of Period)) * 365.25

Use the over/under convention to stop depreciating at the end of the asset's life.

Continue Depreciation Beyond the Asset's Life (OUDC)

Use the over/under convention to continue depreciation.

Set up the Thru Life Year to 998 (Methods 06, 09, 15, 17, 18).

Life Year Reference (LYRC)

The default is determined by the Fiscal Year.

The asset life year is determined by the modified start date and is calculated by period.