Depreciation of an asset is the gradual conversion of the cost of a tangible capital asset or fixed asset into an operational expense (called depreciation expense) over the asset's estimated useful life.
In this article you will review the depreciation of an asset.
First, log into the Financial Management System.
From OneUSG Connect Employee Self Serve Homepage, Click the Classic Home link.
Navigate to the Asset Depreciation page by selecting:
Main Menu > Asset Management > Depreciation > Review Depreciation Info > Asset Depreciation
The Asset Depreciation page is displayed.
Enter the appropriate information into the Business Unit field.
Example shown here: " 18000 " in the Business Unit field.
Note: The Business Unit for Asset Management will always be 18000.
Enter the appropriate information into the Tag Number field.
Example shown here: " 674390 in the Tag Number field.
Click the Search button.
The Asset Information is displayed.
Click the Depreciation tab.
To view the Depreciation Attributes, click the Expand section Depreciation Attributes link.
The Depreciation Attributes section provides the Depreciation Method, the asset's Useful Life and the Depreciation Value.
The Yearly Depreciation section lists several years with the Depreciation Amount for each year.
Click the Period Depreciation tab.
The Period Depreciation information is displayed for each period of the specified year and the Depreciation Amount for each period.