Sidebar
assetmanagement:tables:codetables:propcode
Property Class Code - BAM2100
Asset Management > Tables > Code Tables > Property Class Code
This tab is used to assign a class to a group or type of asset that uses the same depreciation method, recovery period, and convention. This is a user-defined table, so you may enter any property class/description that meets your needs.
There are only two depreciation methods available, Straight Line (SL) and No Depreciation (ND) (that is used for land or other assets that do not lose value). SL depreciation only, uses the two conventions available, Full Month (FM) and Half Year (HY).
Examples:
- BLDG - Buildings
- EQUIP - Equipment
- FURN - Furniture
- VEH - Vehicles
Set up a property class code:
❏ Click +Add to add a row.
| Field | Description |
|---|---|
| Property Class Code | Type a user-defined code (e.g., 1, 2, 3, A, B, C) that represents the property class description. The field can be a maximum of ten characters. |
| Condition Description Property Class Description | Type a user-defined description. The field can be a maximum of 50 characters. |
| Deprec Method |
Click
• SL Straight Line - Select if using depreciation.
|
| Recovery Period | Type the number of years required to fully depreciate items for the property class. Be sure to verify these years with your auditor to ensure that it matches the way depreciation was previously calculated. If assets are calculated using partial years, then the months should be converted to a decimal value (3 months = .25, 6 months = .50, etc.). |
| Convention | Click  to select a code. Select FM (Full Month) or HY (Half Year) for items that are coded SL method only. |
❏ Click Save.
Other functions and features:
| Retrieve |
The Retrieve button is also used to retrieve information from the last save. If you click Retrieve, any unsaved changes are lost. |
|---|---|
|
Click to print data. The following Asset Management Code Table options are displayed:
Current Tab Page - prints only the tab page currently open.
Catalog
All Code Tables - prints all the code tab pages. |
|
 |
Click to delete a row. The row is shaded red to indicate that it will be deleted when the record is saved.
|
assetmanagement/tables/codetables/propcode.txt · Last modified: 2020/06/18 16:53 by emoreno