Asset Classes

Property classifications are maintained in the database. These classes can be updated by using the menu Maintenance\Asset Classes. Customization of the asset classes can simplify asset input.

Key Points

The user also has the option of using the Life field instead of the Asset Class Field.
An asset class can only be deleted if that class has not been assigned to an asset.
If Auto -Type - This option is used to describe the automobile type. This is for use only with Listed assets.
Amortization # -This is the code required for assets that are amortized. If the method is not Amortize the code will be set to zero.