Assigning Category Codes to Assets

After you enter basic asset information, you can assign values to any of the category code fields. Use category codes to further identify, track, and report on an asset. In addition, you can further identify assets by specifying financing and tax information. You can use the Category Code Mapping program to automatically assign category code values to assets based on the cost code values for the business units that are assigned to those assets. If a category code has been mapped, it does not allow manual changes on the category code form.

The Accounting Class and Equipment Class category codes can be derived from the Default Depreciation Coding values.

Use the Depreciation Category Code to divide assets into depreciation classes. The depreciation information is defined in Default Depreciation Values.