1. Lease Origination Setup Guide
  2. Product
  3. Contract
  4. Depreciation Rate Schedule

4.7.5 Depreciation Rate Schedule

This tab is enabled if you have selected LIFE BASED depreciation method in Contract Definition and allows to define depreciation rates slab.

To define Life Based Depreciation Rate Schedule
  1. Click Setup > Administration > User > Products > Contract > Lease > Depreciation Rate Schedule tab.
  2. Perform any of the Basic Operations mentioned in Navigation chapter.
    A brief description of the fields is given below:

    Table 4-23 Depreciation Rate Schedule

    Field Do this
    Period Specify the cycle period sequence for life based depreciation calculation.
    Duration

    Specify the tenure for which the rate slab is applicable.

    For example, if duration is 12, and depreciation convention frequency is Monthly, then rate slab is applicable for first 12 months.
    Depreciation % Specify the percentage of depreciation to be calculated during the above duration.
    Enabled Select the check box to enable the rate schedule.
  3. Perform any of the Basic Actions mentioned in Navigation chapter.

Parent topic: Contract