Each asset can have an unlimited number of value models attached.Each value model assigns an additional life cycle to the asset.They achieve complete setup of depreciation for an asset.They contain and connect all financial information about Fixed assets.Value models have the following characteristics. Value Models Value models are necessary for Fixed assets. This usually refers to tangible assets, but intangible assets can also use depreciation profiles. Creating profiles is required for depreciable assets. Integration with other modules – Accounts Payable, Accounts Receivable, etc.įixed Assets Module Setup ≭epreciation Profiles Depreciation profiles are used to define rules for calculating depreciation.Incorporates many of the international accounting standards and accounting legislations and rules. ![]() ![]() View the current value of all fixed assets.≬alculate adjustments to the fixed assets.Setting a capitalization threshold to determine depreciation.Manage fixed assets by depreciating them.
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