ctcLink Accounting Manual | 40.40.30.3 Capital Asset Classes
40.40.30.3 Capital Asset Classes
Capital assets are further broken down into classes (sometimes called commodity codes, Useful Life Schedules, etc.). Asset classes are much more specific than Asset Categories, providing more defined descriptions of assets as well as the useful lives of each asset.
ctcLink currently has more than 500 asset classes. For example, building classes:
Table of building classes listed in above image:
| SetID | Asset Class | Description |
|---|---|---|
| WACTC | 0500 | Buildings Non-depreciable |
| WACTC | 0505 | Buildings/Components 5 Yr |
| WACTC | 0510 | Buildings/Components 10 Yrs |
| WACTC | 0515 | Buildings/Components 15-20 Yrs |
| WACTC | 0520 | Buildings/Components 20 Yrs |
| WACTC | 0524 | Buildings/Components 24 Yrs |
| WACTC | 0525 | Buildings/Components 25 Yrs |
| WACTC | 0527 | Buildings/Components 27 Yrs |
| WACTC | 0530 | Buildings/Components 30 Yrs |
| WACTC | 0535 | Buildings/Components 35 Yrs |
| WACTC | 0540 | Buildings/Components 40 Yrs |
| WACTC | 0545 | Buildings/Components 45 Yrs |
| WACTC | 0550 | Buildings/Components 50 Yrs |
With appropriate permissions to the AM Asset Class list users can review the entire list by navigating to Navigator > Set Up Financials/Supply Chain > Product Related > Asset Management > Financials > Asset Classes.
To view a current list of asset categories run the CTC_AM_ASSET_CLASS query in FSCM.
40.40.30.2 Capitalization Thresholds << 40.40.30.3 >> 40.40.30.4 Capital Asset Profiles
