Formula-Based Depreciation Methods

PeopleSoft Asset Management is equipped to use the following different formula-based depreciation methods:

• Straight Line

• (IND) Straight Line Percent

• Declining Balance with a Switch to Straight Line

• Declining Balance with Depreciation Limit

• Declining Balance

• Flat Rate

• Sum of the Year's Digits

PeopleSoft Asset Management can calculate depreciation for each of the first six methods using either a schedule or a formula. The formulas that it uses to calculate yearly depreciation for each of these methods are explained in the following pages.