AM21.4
AM21.4 - Books

Use Books (AM21.4) to assign depreciation books and depreciation parameters to a new leased asset, or to modify book assignments for an existing leased asset. Any books defined as required on Current Calendar (AM01.1) display automatically on this form. You can associate an unlimited number of books to an asset. NOTE This step is optional for non-depreciable leased assets. **Process at a Glance 1. Define asset header and detail information using Leased Asset Addition andAdjustment (AM21.2). 2. Define asset item information using Items (AM21.3). 3. (This step) Assign asset books using Books (AM21.4). 4. Access, change, or delete system-prompted journal entries using JournalEntries (AM21.5). 5. (Optional) Verify assets using AM220 and modify as needed using steps 1though 4. 6. Release assets in batch (using AM170) or individually (using AM21.2,AM21.3, or AM21.4). **Processing Effect Many of the fields on this form are defaulted from other forms. You can accept them as is or modify them. The depreciable basis defaults from the total item cost. The in-service date defaults from the item purchase date. If multiple items with different purchase dates are entered, the latest purchase date defaults. The in-service convention defaults from the book definition (defined in AM00.1). All default information can be overridden. **More Information If you create an asset in a period later than the period when the asset was placed in service, you can use the Compute Option field to define how to distribute the catch-up depreciation. You can spread the whole year'sdepreciation over the remaining periods in the current year (Compute Option = No) or you can spread the depreciation over the entire year, and charge the entirecatch-up depreciation amount to the current period (Compute option = Yes). If you are adjusting an existing asset, you can use the Compute Option field to define how to distribute the adjusted depreciation amounts. Besides the two previous options, you have one additional compute option: You can spread the catch-up adjustments amounts over the remaining life of the asset (Compute Option = Prospective). You can assign a different in-service date and compute option to each book that the asset uses. You can use the detail tabs to enter optional information specific to a book. Select the Depreciation detail tab to enter year-to-date andlife-to-date depreciation amounts, and to override the asset compute option. Select the Depreciation Option detail tab to indicate the depreciation method used if business use falls below a specified percentage. Select the Insurance and Replacement detail tabs to specify the method used to calculate insurance and replacement values. And select the Tax option detail tab to enter tax credit information.

Updated Files
ADDRDATA - No Description Available.
AMACCOUNT - No Description Available.
AMACCTGRP - No Description Available.
AMASSET - No Description Available.
AMASSETADJ - No Description Available.
AMASSETGRP - No Description Available.
AMASTBKADJ - No Description Available.
AMASTBOOK - No Description Available.
AMASTITADJ - No Description Available.
AMASTITEM - No Description Available.
AMASTRECAP - No Description Available.
AMASTTYPE - No Description Available.
AMAUGROUP - No Description Available.
AMBKHIST - No Description Available.
AMBKHISTX - No Description Available.
AMBKTRANS - No Description Available.
AMCALENDAR - No Description Available.
AMCLASSDEP - No Description Available.
AMCONTROL - No Description Available.
AMCTLTRANS - No Description Available.
AMDIVISION - No Description Available.
AMLOCATION - No Description Available.
AMLOCAUDIT - No Description Available.
AMPUHIS - No Description Available.
AMSEGBLOCK - No Description Available.
AMTAXAUTH - No Description Available.
AMTRANS - No Description Available.
AMTRANSUMM - No Description Available.
MXLISTHDR - No Description Available.
SYSTEMCODE - No Description Available.



Referenced Files
None.



INVOKED Programs
ACAC
ACTA
API4
IFAC
IFCU
IFOB
IFSG
SLSE
SLSU
IFLU
IFUP
AMCO
IFAU
IFFC
IFGT
GLCC
IFRS
IFSC
SLSB
SLSS
SLFD



File created: Thu Jun 09 11:06:35 2016

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