Skip to main content

hello,

I am trying to setup a depreciation method using method type = straight-line. The requirement is to setup a salvage percentage value (e.g. 55%) assigned to this depreciation method.

When an object is activated (let's assume total cost is 10,000) then IFS should only depreciate based on total cost of 10,000 - (55% * 10,000) = 4,500. 

IFS does provide a salvage field on the fixed asset object page but it is not a percentage. 

I tried using business use percentage (on fixed asset object page) and non-depreciable base value (depreciation method page) and did not get the required results. Any suggestions? 

Hi, 

I’ve used the salvage value many times with different clients. All clients have expressed salvage value as an amount not a percentage of the asset.   Even when working integrations with other FA systems this is commonly reported as an amount.   Commonly the salvage value is what can be seen as a core charge (expressed as a value / amount). 

Try using the amount and report any issues.   In your case, you would enter 4,500.    

 

Best regards, 

Thomas

ok Thomas. thanks for the reply. I will follow up with the client and report back any further issues. 

Let me just add, that you can do the calculation in the field itself.
 

 

Reply


Terms & ConditionsCookie settings