Setting Up Units of Production Schedules
Access the Production Schedule Revisions form.
- Schedule Number
Specify the alphanumeric code assigned to a units of production schedule. You must set up the schedules you want to use for method 09 (Units of Production Depreciation) in advance on the Units of Production Schedule form.
- Ledger Type
Specify the ledger type UDC (09/LT) that identifies the account ledger or book for the asset. Each schedule you create is a combination of a unique schedule number and a ledger type.
- Unit of Measure
Specify the UDC (00/UM) that identifies the unit of measurement for an amount or quantity. For example, it can represent a barrel, box, cubic meter, liter, hour, and so on.
- Units - Original
Specify the original estimate of the total number of units in the reserve base. The system uses this number to calculate the depreciable unit base.
- Units - Prior Year Revisions
Specify the cumulative prior year revisions to the estimate of total units in the reserve base (Units-Original). The system uses this number to calculate the depreciable unit base.
- Units - Current Year Revisions
Specify the current year revisions to the estimate of the total number of units in the reserve base (Units-Original). The system uses this number to calculate the depreciable unit base.
- Prior Years Production
Specify the number of units produced in all prior years. This number determines when an asset is fully depreciated. The system uses this number to calculate the depreciable unit base.
- Y-T-D Production (year-to-date production)
Specify the units that were produced year-to-date. You must manually update this field. The system uses the value in this field to calculate the Current Unit of Production Factor.