Reviewing Asset Depreciation

Summary

In this article you will review the depreciation of an asset.

Body

   Overview   

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.

1. Step 1

Financial Management homepage displayed with Classic Home tile highlighted

First, log into the Financial Management System.

From OneUSG Connect Employee Self Serve Homepage, Click the Classic Home link.

2. Step 2

Classic Home homepage displayed with Asset Depreciation link highlighted

Navigate to the Asset Depreciation page by selecting:

Main Menu > Asset Management > Depreciation > Review Depreciation Info > Asset Depreciation

3. Step 3

Asset Depreciation page displayed with Business Unit field highlighted

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.

4. Step 4

Asset Depreciation page displayed with Tag Number field highlighted

Enter the appropriate information into the Tag Number field.

Example shown here: " 674390  in the Tag Number field.

5. Step 5

Asset Depreciation page displayed with Search button highlighted

Click the Search button.

6. Step 6

Asset Depreciation page displayed with Depreciation tab highlighted

The Asset Information is displayed.

Click the Depreciation tab.

7. Step 7

Asset Depreciation page displayed with Depreciation Attributes link highlighted

To view the Depreciation Attributes, click the Expand section Depreciation Attributes link.

8. Step 8

Asset Depreciation page displayed with Depreciation Attributes section highlighted

The Depreciation Attributes section provides the Depreciation Method, the asset's Useful Life and the Depreciation Value.

9. Step 9

Asset Depreciation page displayed with Yearly Depreciation section highlighted

The Yearly Depreciation section lists several years with the Depreciation Amount for each year.

10. Step 10

Asset Depreciation page displayed with Period Depreciation tab highlighted

Click the Period Depreciation tab.

11. Step 11

Asset Depreciation page displayed with Period Depreciation section highlighted

The Period Depreciation information is displayed for each period of the specified year and the Depreciation Amount for each period.
 

Details

Details

Article ID: 148550
Created
Sat 9/24/22 10:47 PM
Modified
Mon 4/13/26 2:04 PM