SPA Process User’s Guide –
Chapter 5 – Updating Property and Funds
Updating Depreciation (Depreciable Entities)
The Update Depreciation [Depreciable Entities] (PADPRE) screen displays depreciable entity information for each component including the Depreciable Entity Fiscal Year, C/I Indicator, Useful Life, Residual Percentage, Depreciable Indicator, Historical Indicator, Entity Value and Depreciable Value. The screen allows agencies to view their existing component information. Fields that can be updated include:
- useful life of a component
- residual percentage
- depreciation indicator
- historical indicator
Procedure
- Access the Update Depreciation (Depreciable Entities) (PADPRE) screen option on the Main Menu.
- Enter the property number in the PROPERTY field to be updated.
- Press Enter.
- View existing information on the screen.
- Enter the effective date of the change made to any one of the following fields:
- Useful life
- Residual percentage
- Depreciable indicator
- Historical indicator
- Press Enter. The message Press F5 To Update Information or F5 To Cancel appears.
- Press F5. The message Information Has Been Updated appears.
- Press F5. The message Update Canceled appears.