Setting up Cost Accounts for Depreciation Adjustments

Access the Adjustments by Inflation to Depreciation Revision form.

Company: Specify the code that identifies the specific organization, fund, or other reporting entity for which you set up the depreciation inflation adjustment accounts.
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 no transactions exist 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: 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: 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 accumulated depreciation amount is to be charged.
Credit Subsidiary Account: Specify the credit subsidiary account to which the accumulated depreciation amount is to be charged.