Define shift depreciation rates (India)

Note

We will not be accepting edits to this topic, because it is generated from a business process in Lifecycle Services.

This procedure walks you through defining shift depreciation rates. You can define rates for single shift, double shift, and triple shift to calculate depreciation using Straight line percentage method or Reducing balance method. The demo data company used to create this procedure is INMF.

  1. Go to Fixed assets > Setup > Depreciation profiles.
  2. Click New.
  3. In the Depreciation profile field, type a value.
  4. In the Name field, type a value.
  5. In the Method field, select an option.
  6. In the Percentage field, enter a number.
  7. Click Shift depreciation.
  8. Click New.
  9. In the From date field, enter a date.
  10. In the To date field, enter a date.
  11. In the Single shift percentage field, enter a number.
  12. In the Double shift percentage field, enter a number.
  13. In the Triple shift percentage field, enter a number.
  14. Click Save.