Category/Class Lot Maintenance

Program/Screen: RALOTM/RALOTM20

Description:

Use this program to enter quantities and depreciation values for a particular lot of a category/classTwo-part classification for individualized and bulk equipment. Rental rates are entered by category/class, and the ID number for bulk items is the category/class ID..

 

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Navigation

Access this screen by pressing F7=Lot from the Category/Class Location Maintenance screen and entering a lot number to work with.  Enter lot quantities and tax and depreciation values for a specific lot of a category/class.  Choose the depreciation method for the lot for accounting and tax purposes.

 

Fields

Location

Displays the location for which you want to review lot quantities and depreciation for a category/class.

 

Category

Displays the code of the category you want to inquire on or change.

 

Class

Displays the code of the class you want to inquire on or change.

 

Lot

Displays the lot number for which you are entering quantities and depreciation amounts.

 

Original quantity

Enter the quantity of this lot that was made available to rent.

 

Retired quantity Life to Date

If applicable, enter the quantity from this lot that has been retired up to this point in the life of the lot.

 

Current quantity

The difference between the Original quantity and the Retired quantity.

 

Fiscal Depreciation Coefficient

Enter or accept the coefficient used for fiscal depreciation for this equipment if it is using the degressif tax depreciation method.  The coefficient defaults from the Equipment Fiscal Depreciation Coefficient table.

 

Book value

Enter the book value for the lot.  The book value is the original value of the lot used for accounting.

 

Salvage value

Enter the salvage value for the lot.  Salvage value is the estimated value of all of the assets in the lot at the end of their useful lives.  This amount is expressed as a value or a percent of original value.

 

Net book value

Enter the net book value for the lot.  The net book value is the book value of the lot minus any depreciation that has occurred.

 

Book Depreciation Method

Select the code that represents the method of depreciation you want to employ for accounting purposes.

 

Book Depreciation (Life)

Enter the life of the lot in months.

 

Book Depreciation (Current)

When bringing in a new lot, enter the current depreciation (if any) for the lot.  Later, the amount in this field is updated when you run monthly depreciation in the General Ledger application.

 

Book Depreciation (Year to Date)

When bringing in a new lot, enter the year-to-date depreciation (if any) for the lot.  Later, the amount in this field is updated when you run monthly depreciation in the General Ledger application.

 

Book Depreciation (Life to Date)

When bringing in a new lot, enter the life-to-date depreciation (if any) for the lot.  Later, the amount in this field is updated when you run monthly depreciation in the General Ledger application.

 

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Tax value

Enter the tax value for the lot.  The tax value is the original value of the lot used for taxation purposes.

 

Tax salvage value

Enter the tax salvage value for the lot.  Tax salvage value is the estimated value of all of the assets in the lot at the end of their useful lives used for taxation purposes.  This amount is expressed as a value or a percent of original value.

 

Net tax value

Enter the net tax value for the lot.  The net tax value is the tax value of the lot minus any depreciation that has occurred.

 

Tax Depreciation Method

Select the code that represents the method of depreciation you want to employ for taxation purposes.

 

Tax Depreciation (Life)

Enter the life of the lot in months for tax depreciation purposes.

 

Tax Depreciation (Current)

When bringing in a new lot, enter the current depreciation (if any) for the lot.  Later, the amount in this field is updated when you run monthly depreciation in the General Ledger application.

 

Tax Depreciation (Year to Date)

When bringing in a new lot, enter the year-to-date depreciation (if any) for the lot.  Later, the amount in this field is updated when you run monthly depreciation in the General Ledger application.

 

Tax Depreciation (Life to Date)

When bringing in a new lot, enter the life-to-date depreciation (if any) for the lot.  Later, the amount in this field is updated when you run monthly depreciation in the General Ledger application.

 

AMT value

Enter the alternative minimum tax value for the lot.  The AMT value is the original value of the lot used for taxation purposes.

 

AMT salvage value

Enter the alternative minimum tax salvage value for the lot.  AMT salvage value is the estimated value of all of the assets in the lot at the end of their useful lives used for AMT purposes.  This amount is expressed as a value or a percent of original value.

 

Net AMT value

Enter the net alternative minimum tax value for the lot.  The net AMT value is the AMT value of the lot minus any depreciation that has occurred.

 

AMT Depreciation Method

Select the code that represents the method of depreciation you want to employ for AMT purposes.

 

AMT Depreciation (Life)

Enter the life of the lot in months.

 

AMT Depreciation (Current)

When bringing in a new lot, enter the current depreciation (if any) for the lot.  Later, the amount in this field is updated when you run monthly depreciation in the General Ledger application.

 

AMT Depreciation (Year to Date)

When bringing in a new lot, enter the year-to-date depreciation (if any) for the lot.  Later, the amount in this field is updated when you run monthly depreciation in the General Ledger application.

 

AMT Depreciation (Life to Date)

When bringing in a new lot, enter the life-to-date depreciation (if any) for the lot.  Later, the amount in this field is updated when you run monthly depreciation in the General Ledger application.

 

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TX4 value

Enter the TX4 value for the lot.  The TX4 value is the original value of the lot used for TX4 taxation purposes.

 

TX4 salvage value

Enter the TX4 salvage value for the lot.  TX4 salvage value is the estimated value of all of the assets in the lot at the end of their useful lives used for taxation purposes.  This amount is expressed as a value or a percent of original value.

 

Net TX4 value

Enter the net TX4 value for the lot.  The net TX4 value is the TX4 value of the lot minus any depreciation that has occurred.

 

TX4 Depreciation Method

Select the code that represents the method of depreciation you want to employ for TX4 taxation purposes.

 

TX4 Depreciation (Life)

Enter the life of the lot in months.

 

TX4 Depreciation (Current)

When bringing in a new lot, enter the current depreciation (if any) for the lot.  Later, the amount in this field is updated when you run monthly depreciation in the General Ledger application.

 

TX4 Depreciation (Year to Date)

When bringing in a new lot, enter the year-to-date depreciation (if any) for the lot.  Later, the amount in this field is updated when you run monthly depreciation in the General Ledger application.

 

TX4 Depreciation (Life to Date)

When bringing in a new lot, enter the life-to-date depreciation (if any) for the lot.  Later, the amount in this field is updated when you run monthly depreciation in the General Ledger application.

 

TX5 value

Enter the TX5 value for the lot.  The TX5 value is the original value of the lot used for TX5 taxation purposes.

 

TX5 salvage value

Enter the TX5 salvage value for the lot.  TX5 salvage value is the estimated value of all of the assets in the lot at the end of their useful lives used for taxation purposes.  This amount is expressed as a value or a percent of original value.

 

Net TX5 value

Enter the net TX5 value for the lot.  The net TX5 value is the TX5 value of the lot minus any depreciation that has occurred.

 

TX5 Depreciation Method

Select the code that represents the method of depreciation you want to employ for TX5 taxation purposes.

 

TX5 Depreciation (Life)

Enter the life of the lot in months.

 

TX5 Depreciation (Current)

When bringing in a new lot, enter the current depreciation (if any) for the lot.  Later, the amount in this field is updated when you run monthly depreciation in the General Ledger application.

 

TX5 Depreciation (Year to Date)

When bringing in a new lot, enter the year-to-date depreciation (if any) for the lot.  Later, the amount in this field is updated when you run monthly depreciation in the General Ledger application.

 

TX5 Depreciation (Life to Date)

When bringing in a new lot, enter the life-to-date depreciation (if any) for the lot.  Later, the amount in this field is updated when you run monthly depreciation in the General Ledger application.

 

Function Keys

Function Key

Description

F1

Help.  Place your cursor in a field and press F1 to access online help for that field.  Place your cursor outside of any field, and press F1 to access online help at the program level.

F3

Exit.  Exit the page or program.

F7

Previous Lot.  Move back a record to the previous lot number for this category/class.

F8

Next Lot.  Advance one record to the next lot number for this category/class.

F12

Cancel/Previous.  Exit the program or move back a screen.

 

 

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