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.