Setting Up Cost Accounts for Cost Inflation Adjustments
Access the Adjustment by Inflation to Cost / Deferred Charges Revision form.
- Cost Business Unit
Specify the business unit to which the system charges original acquisition cost and any supplemental capital additions. The system uses a default value for this field based on the business unit that you specify on the Asset Master Revisions form when you create a new asset master record. You can change this default value on the Depreciation Information form only if you have not entered any transactions for the account.
- Cost Object Account
Specify the object account to which the original acquisition cost and any supplemental capital additions have been charged. If the asset is a noncapitalized lease, this should be the expense account to which lease payments are charged. This expense account should have default coding instructions set up for method 00 (no depreciation method used).
- Cost Subsidiary Account
Specify the subsidiary account to which the original acquisition cost and any supplemental capital additions have been charged.
- Debit Business Unit
Specify the debit business unit to which the system charges the accumulated depreciation amount.
- Debit Object Account
Specify the debit object account to which the system charges the accumulated depreciation amount.
- Debit Subsidiary Account
Specify the debit subsidiary account to which the system charges the accumulated depreciation amount. Subsidiary accounts include detailed records of the accounting activity for an object account.
- Credit Business Unit
Specify the credit business unit to which the system charges the accumulated depreciation amount.
- Credit Object Account
Specify the credit object account number to which the system charges the accumulated depreciation amount.
- Credit Subsidiary Account
Specify the credit subsidiary account to which the system charges the accumulated depreciation amount.