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Importing Asset Data Using the Custom Import Helper

Importing Depreciation-Critical Fields

Each asset contains five fields in the application that are critical to your depreciation calculations. You can import these fields into each of the three depreciation books. If you choose to import one of these fields for a book, you must import all of them for that book. However, if you import them for one book, you do not have to import them for any of the other books. The five critical fields in the application are listed below.

  • Acquisition Value
  • Depreciation Method
  • Estimated Life
  • Placed-In-Service Date
  • Property Type

Note: Declining balance methods require a depreciation percentage in addition to the depreciation method. These depreciation methods are DB, DC, DD, DE, DH, and DI. When these methods are used, a field is required for the depreciation percentage.