Set Up a Life in Periods Depreciation Method

This example demonstrates how to set up a depreciation method that depreciates assets based on the life in periods.

Set Up a Life in Periods Depreciation Method

1. Navigate to the Manage Depreciation Methods page.

2. Click the New icon.

3. On the Create Depreciation Method page, complete the fields, as shown in this table:

   Field	Value
   Name	LIP
   Description	Life in Periods
   Reference Data Set	Enterprise Set
   Method Type	Calculated
   Life in periods radio button	Selected
   Life in Periods	24

4. Click Save and Close.