Future depreciation events can be planned for equipment assets created with Equipment Configuration templates. When the Depreciation tab is called from the Equipment Configuration screen, the system will require values for Relative Start and Relative Start UOM.
From the designated Commission Date, a user can set a Relative Start and Relative Start UOM to sequence and apply a planned depreciation event. The Relative Start represents a timeframe from the Commission Date when the depreciation event will take place.
Example: A Commission Date is set for 1/1/2015. The Relative Start is set at 5 and the Relative Start UOM is set to Years. Therefore, at 5 years following 1/1/2015 the depreciation event will occur (per the other defined details).