Category and description - assets r12

Category and description - assets r12
Category and description: Enter a Category name and Description to identify the asset category you want to set up.

Enabled: Check enabled if you want to use this category. Capitalized: Check Capitalize if you want to charge items in this category to an asset account when you pay for them and if you want to depreciate items in this category. In physical inventory: Check In Physical Inventory if you want assets in this category to be included in physical inventory comparisons. Category type: Choose Lease, Leasehold Improvement, or Non-Lease from the Category Type Pop list.

Ownership: Choose Owned or Leased from the Ownership pop list. Property type and property class: Enter the Property Type and Class to which the assets in this category usually belong.

Note: You set up your Quick Code values for Property Type in the Quick Codes window. If you have assets in the United States, enter 1245 for personal property and 1250 for real property.

Book: enter the Book for which you want to set up this asset category.