FADP - CONTROL

Controls Options to Calculate Depreciation
This common code controls various options to calculate depreciation, specifically to help adjust the depreciation schedule after a purchase price increase or decrease. If this common code does not exist, or no options are set, the standard depreciation calculation is: [(Total Cost
Salvage Value)/Total Useful Periods]. However, note that the system will not update the depreciation schedule after a purchase price change without this common code.
Code Category: FADP
Code Value: CONTROL
Short Description: Not required.
Medium Description: Not required.
Long Description: Not required.
Associated Numeric Values
1-5: Reserved for future use.
Associated Codes
1: Code 1 can be ADJUST or YES: When activated, the depreciation calculation will calculate the "should have depreciated" amount based on ((Total Cost
Salvage Value)/Total Useful Periods * Periods In Use) amount and subtract the "accumulated depreciation amount" to calculate a potential catch-up amount. This catch-up amount is added to the regular depreciation amount to calculate the total depreciation for the period.
2-4: Reserved for future use.
5: If code (5) is "Y," and the Remaining Useful Periods remaining is zero, and the Book Value is 50 cents or less, set the Book Value to zero.
Associated Descriptions
1-5: Reserved for future use.