Setting Up Depreciation Formulas

Access the Depreciation Formula Revisions form.

Formula ID (formula identification)

Specify the 3 character UDC for a User-defined depreciation formula.

Formula Description

Enter a description of the formula (20 character limit).

Formula

Specify the formula that the system uses to calculate an amount for an associated formula ID. You can attach the formulas that you define on the Formula Revisions form to the Depreciation Rule Revisions form. You can define these depreciation formulas:

• Multiplier

• Depreciable Basis

• Upper Limit

• Lower Limit

• Salvage value

Formulas can include a combination of formula elements listed on the Depreciation Formula Revisions form, the four basic mathematical functions, and parentheses for nesting amounts or quantities. Use these valid symbols for these basic mathematical functions:

+: Addition.

-: Subtraction.

*: Multiplication.

/: Division.

( ): Left and right parentheses.

Multiplier / Constant

Specify a percentage or amount that can be incorporated into a formula as an element to derive depreciation.