This grid allows you to track how project costs have been distributed among asset categories. You can use this grid to track the total asset cost, number of asset units, asset life, and salvage value. These fields allow you to establish project deterioration rates.
A sample of the grid appears below. To sort items in the grid, click on the headings. An up or down arrow will appear signifying ascending or descending order. Click the heading again to change directions.
To create new Project Asset Distribution records, Right-click in the grid and select Add Record. The following window will appear:
Select an inventory asset Type from the pick list.
Enter an Asset Cost %. This represents this asset type's portion of the entire project cost.
The Total Asset Cost will be calculated by the system. This uses the data in the General tab.
Select the UOM (unit of measure) from the list. You can choose either "Count" or "Sum".
If you choose "Count", the system will count the number of like assets associated with this Type. The data in the Cost and Value fields will be automatically carried over by the system to the Project Assets grid.
If you choose "Sum", the system will sum the UOM field you indicate. The data in the Cost and Value fields will not be carried over by the system to the Project Assets grid.
If you selected "Sum" as your unit of measure, enter the field you want to be summed in the UOM field. If you chose "Count", leave this field vacant.
For example, when creating a Project Asset record for an asset type measured in linear units (sewer or storm pipes, street segments, etc.), you may want to sum the total asset length by entering the Length field here (i.e NT_LENGTH, SN_LENGTH, etc.).
Enter the number of units.
The Unit Cost will be calculated by the system. This uses the data in the Total Asset Cost and Units fields.
The Start Date establishes the beginning of the asset's usable life. It represents the date the asset was put into service.
Enter the Asset Life in years. This is the maximum life for this asset. This establishes the asset type's deterioration rate.
Enter the Salvage Value for the asset at the end of its life.
Indicate whether the salvage value will replace the asset's previous worth at the end of the deterioration curve.
Save and Close the record.
Note: You can then use the functions in the grid to View, Edit, or Delete the records.
