Defining Depreciation Limits

To set up depreciation terms, use the Limits (DEPR_LIMIT_DEFN) component.

Depreciation limits are used to specify the maximum amount of depreciation that you can expense on your assets for each year of life.

This topic discusses how to define depreciation limits.

Page Used to Define Depreciation Limits

Page Name	Definition Name	Usage
Depreciation Limits Page	DEPR_LIMIT_DEFN	Specify the maximum amount of depreciation that you can expense on your assets for each year of life. As a rule, depreciation limits are specified by tax authorities.

Depreciation Limits Page

Use the Depreciation Limits page (DEPR_LIMIT_DEFN) to specify the maximum amount of depreciation that you can expense on your assets for each year of life.

As a rule, depreciation limits are specified by tax authorities.

Navigation:

Set Up Financials/Supply Chain, and then Product Related, and then Asset Management, and then Depreciation, and then AM Depreciation Limits

If you choose, you can use the delivered Depreciation Limit table to reduce the number of table setup tasks. PeopleSoft Asset Management delivers limits based on U.S. tax law. Currently, this defines depreciation limits for luxury automobiles.