Depreciation_Book__c

Label: Depreciation Book

Contains logical groupings of depreciation patterns calculated for a fixed asset. Each depreciation pattern is contained in a separate depreciation book.

Field Name	Field Label	Created in Version	Description	Type	Default Value
Accumulated_Depreciation__c	Accumulated Depreciation	Pre-Fall 2018	Total depreciation of the asset to date based on the depreciation amount on each posted depreciation schedule.	Currency(18,4)	0
Additional_Depreciation_Allowance_Amount__c	Additional Depreciation Allowance Amount	Pre-Fall 2018	Any additional depreciation allowance amount that should be included in the MACRS calculation.	Currency(18,2)
Asset_Cost__c	Asset Cost	Pre-Fall 2018	Purchase or Transfer cost of the asset. This is the starting value of the asset and is used to calculate the Quantity of Usefulness Formula: Fixed_Asset__r.Asset_Cost__c	Currency(18,2)
Asset_Group__c	Asset Group	Pre-Fall 2018	Asset grouping used to determine the accumulated depreciation account in the general ledger Looks up to: Asset_Group__c	Lookup
Asset_Sub_Group__c	Asset Sub-Group	Pre-Fall 2018	Secondary group to further classify the asset within the asset group to which it belongs Looks up to: Asset_Sub_Group__c	Lookup
Business_Cost__c	Business Cost	Pre-Fall 2018	The cost of the asset to the business based on its percentage business use. Formula: Fixed_Asset__r.Asset_Cost__c * Fixed_Asset__r.Business_Use_Percent__c	Currency(18,2)
Claim_Special_Depreciation_Allowance__c	Claim Special Depreciation Allowance	Pre-Fall 2018	Indicates that this book should claim the special depreciation allowance.	Checkbox	false
Depreciation_Method__c	Depreciation Method	Pre-Fall 2018	The depreciation method used in the MACRS tax depreciation calculation.	Picklist: 150% Declining Balance - ADS 150% Declining Balance - GDS 200% Declining Balance - GDS Straight Line - ADS (Non Real Property) Straight Line - ADS (Real Property) Straight Line - GDS (Non Real Property) Straight Line - GDS (Real Property)
Depreciation_System__c	Depreciation System	Pre-Fall 2018	The types of MACRS depreciation system.	Picklist: ADS GDS
Fixed_Asset__c	Fixed Asset	Pre-Fall 2018	Fixed Asset to which the depreciation book applies Looks up to: Fixed_Asset__c	Lookup
MACRS_Basis_Cost__c	MACRS Basis Cost	Pre-Fall 2018	The cost to use in the calculation of the MACRS tax depreciation. Formula: Business_Cost__c - ( Section_179_Deduction__c + Special_Depreciation_Allowance_Amount__c + Additional_Depreciation_Allowance_Amount__c )	Currency(18,2)
MACRS_Convention__c	MACRS Convention	Pre-Fall 2018	The convention to use for the MACRS tax depreciation calculation.	Picklist: Half-Year Mid-Month Mid-Quarter
Parent_Book__c	Parent Book	Pre-Fall 2018	Lookup to the parent depreciation book. Contains a value when the asset to which the book belongs has inherited a depreciation book at the asset group or asset sub group level. Looks up to: Depreciation_Book__c	Lookup
Period_End_Date__c	Period End Date	Pre-Fall 2018	Date until when the Depreciation Book is used to calculate depreciation.	Date
Period_Start_Date__c	Period Start Date	Pre-Fall 2018	Date from when the Depreciation Book is used to calculate depreciation.	Date
Property_Assets_Deduction__c	100% Qualifying Property Asset	Fall 2019	If this checkbox is selected you can apply the section 179 bonus depreciation of up to 100 percent.	Checkbox	false
Push_Group_Changes__c	Group Changes To Be Pushed To Child Book	Pre-Fall 2018	Indicates whether the book has changes to push to its child books.	Checkbox	false
Quantity_of_Usefulness__c	Quantity of Usefulness / Net Book Value	Pre-Fall 2018	Asset Cost minus Accumulated Depreciation in the accounting book. Formula: Asset_Cost__c - Accumulated_Depreciation__c	Currency(18,2)
Recovery_Period__c	Recovery Period (Years)	Pre-Fall 2018	The recovery period used in the MACRS tax depreciation calculation.	Picklist: 10 12 14 15 20 22 24 25 27.5 3 30 31.5 35 39 4 40 5 50 7 9.5
Regenerate__c	Depreciation Schedules Need Regenerating	Pre-Fall 2018	Indicates whether you need to regenerate the depreciation schedules for the book. If the depreciation book has been changed since the depreciation schedules were generated, the checkbox is selected.	Checkbox	false
Salvage_Value__c	Salvage Value	Pre-Fall 2018	Value of the asset at the end of its productive life. Enter a value greater than or equal to zero.	Currency(12,2)
Section_179_Deduction__c	Section 179 Deduction	Pre-Fall 2018	The amount that can be deducted from the asset's cost for MACRS tax calculations under Section 179.	Currency(18,2)
Service_Life_in_Units__c	Service Life in Units	Pre-Fall 2018	Number of units this asset is expected to produce while in service.	Number(12,2)
Service_Life_in_Years__c	Service Life in Years	Pre-Fall 2018	Number of years the asset is expected to be in productive use.	Number(4,2)
Special_Depreciation_Allowance_Amount__c	Special Depreciation Allowance Amount	Pre-Fall 2018	The calculated amount that will be claimed as the special depreciation allowance. Formula: (Business_Cost__c - Section_179_Deduction__c) * Special_Depreciation_Allowance_Percent__c	Currency(18,2)
Special_Depreciation_Allowance_Percent__c	Special Depreciation Allowance Percent	Pre-Fall 2018	The percentage calculated for the special depreciation allowance. Formula: IF ( Claim_Special_Depreciation_Allowance__c = TRUE, IF( Property_Assets_Deduction__c = TRUE, 1, IF( Fixed_Asset__r.Date_In_Service__c >= DATE(2015,1,1) && Fixed_Asset__r.Date_In_Service__c <= DATE(2017,12,31), 0.5, IF( Fixed_Asset__r.Date_In_Service__c >= DATE(2018,1,1) && Fixed_Asset__r.Date_In_Service__c <= DATE(2018,12,31), 0.4, IF( Fixed_Asset__r.Date_In_Service__c >= DATE(2019,1,1) && Fixed_Asset__r.Date_In_Service__c <= DATE(2019,12,31), 0.3, 0)))), 0)	Percent(18,0)
Time_Period_Basis__c	Time Period Basis	Pre-Fall 2018	Time period basis for depreciation schedule updates.	Picklist: Half Year Month Quarter Year
Written_Down_Value__c	Written Down Value	Pre-Fall 2018	Asset Cost minus accumulated tax depreciation allowances to be claimed in the tax book. Formula: Asset_Cost__c - Salvage_Value__c - Accumulated_Depreciation__c	Currency(18,2)