Copying Depreciation Default Values

Access the Depreciation Default Coding form.

You can copy a set of depreciation default values from one existing company and asset cost account to another. This action can save substantial time by preventing the data entry of multiple companies and asset cost accounts that have similar depreciation default values.

When you copy depreciation default values, all of the information in the Default Depreciation Constants table (F12003) of the original company is copied into the new company.

Major Equipment Class

Specify the UDC (12/C2) that is used to classify assets into groups or families. You use the equipment category code as a subclass to further define the accounting class, for example, 310 for copy equipment, 320 for projectors, and 330 for typewriters within the accounting class for general office equipment.

Note: If you do not want to use the major equipment class, you must set up a value for blank in the UDC table.