Specifying tax-related values other than depreciation
In addition to depreciation, you can track other tax-related values for assets. For CI records, you can provide information about tax credits, book value, and market value.
To specify tax-related values other than depreciation
- Open a CI, as described in Using-search.
- Click the Financials tab.
In the Accounting Information area, complete the following optional fields:
Field name
Description
Tax Credit
If you have donated this asset, specify the tax credit amount.
Market Value
Specify the fair market value for this asset. This is the price at which an item can be sold by a willing seller to a willing buyer, neither of whom are under any pressure to buy or sell.
Book Value
Specify the book value (subtracted from the accumulated depreciation from the purchase cost) for this asset.
- In the CI record, click Save.
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