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Assets - Asset Type Tab

Access this tab using Maintain>Fixed Assets>Assets.

Use this tab to assign an Asset Type to the asset you selected on the previous tab. Once you enter an Asset Type ID, the system displays the Depreciation Information and Default Coding for the asset type.

You must have previously created at least one ID, and assigned its codes and accounts (Maintain>Fixed Assets>Asset Types) before it can selected on this form.

Asset Type ID: Select an Asset Type ID from the drop-down list.

Depreciation Information: The system displays the depreciation code and switch depreciation code for the asset type.

Default Coding: The system displays the distribution code, expenditure account, accumulated depreciation account, and asset account assigned to the asset type.

  • To print the data entered on this form use Reports>Fixed Assets>Assets.
  • If assets were entered using the Transactions>Enter Cash Disbursements or Enter A/P Invoices>Asset Quick Entry form, or Activities>Purchase Orders>Create/Modify Purchase Orders>Asset Quick Entry form, the system automatically displays the Asset Type ID.
  • If an asset is fully depreciated, the Asset Type ID field is available for editing.