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
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Navigate to the Manage Depreciation Methods page.
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Click the New icon.
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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
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Click Save and Close.