Asset - Life Cycle tab

Purpose

View or capture the acquisition planning details, purchasing history, commissioning history and basic depreciation details for an Asset, In-Place Asset or Filled Asset Placeholder.

Basic Depreciation information is captured to:

Maintain the Depreciation Years and Depreciation Percentage details for an Asset, In-Place Asset or Filled Asset Placeholder.
Calculate the Asset’s Current Value using the Basic Depreciation model

Please note!

The Basic Depreciation information is only applicable if the Basic Depreciation model is used to depreciate Assets.
Mandatory fields only apply to the Basic Depreciation model.
The values are displayed in the Currency of the Site where the Asset is located.
If the Asset is still under warranty and a Work Order is captured for the Asset then a message advising the user to contact the supplier is displayed.
The following dialog box will pop up on a Work Order to inform the user the asset is still under warranty when the Work Order is saved and generated.

Data fields

These data fields are captured or displayed on the Asset - Life Cycle tab.

Field	Description/Setting
Acquisition Planning
Acquisition Type	The type of CAPEX (capital expenditure) acquisition. For example, “Addition”, “Replacement” or “Non Budget”. Select the Acquisition Type from the lookup list.
Acquisition Status	The current status of the purchase or acquisition of the Asset. Select the required Acquisition Status from the dropdown list. Only Users with the appropriate User Rights may change the Acquisition Status.
Replace Asset	The Asset that will be replaced by this Asset. Select the required Asset from the Asset lookup list or Asset Tree lookup.
Target Financial Year	The Financial Year for which the purchase or acquisition is budgeted.
Target Financial Period	The Financial Period for which the purchase or acquisition is budgeted.
Budget Amount	The amount budgeted for the purchase or acquisition of the Asset. The Budget Amount is not automatically linked to the Annual Budgets in the Financials module.
Site Currency	The currency used by the Site where the Asset is located is displayed.
Commissioning
Work Order	The Work Order that was used to purchase this Asset. Select the Work Order from the lookup list.
Commissioned	The date on which the Asset was commissioned. Enter the date, or click and select the date from the Calendar lookup.
Warranty Expires	The date on which the Asset's warranty expires. Enter the date, or click and select the date from the Calendar lookup.