FADP - NEWCALC

Use this common code to set the depreciation method used for FA to depreciate in a straight line according to the following calculation-Current Depreciation = Current Book Value / Remaining Useful Life. The NEWCALC option is only available for the SmartDB version of Fixed Assets.
Code Category: FADP
Code Value: NEWCALC
Short Description: Enter "Y."
Medium Description: Not required.
Long Description: Not required.
Associated Numeric Values, Associated Codes, Associated Description
1-5: Reserved for future use.