Configuring Useful Life

The Useful Life driver lists the average useful life for various types of capital and are primarily used to calculate depreciation. You can create up to 20 different capital types in the Dimensions Update Report on the CODE tab.

To configure Useful Life:

1. From the Axiom Capital Planning home page, click Edit Drivers.

   NOTE: To access this location from the Cap Planning Admin task pane, in the Administration section, click Capital Planning Drivers, and double-click Capital Planning Drivers.

   

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2. From the Assumptionstab, click Useful Life.

   

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3. In the Useful Life column, type the useful life for each type of capital item.

   

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4. After making your changes, click Save.

   

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5. At the confirmation prompt, click OK.

If you are making changes to this driver, make sure to process the plan files to propagate your changes.