Depreciation Template

The Stepped Depreciation process gives the ability to step (annually) depreciation over some or all of the periods of a contract. This method may be required if it is decided to depreciate more in the early years than the later years of a contract. This process enables the user to input depreciation on a year by year basis as a percentage value. Standard Residual Value Templates are used to streamline the process and these are stored at variant level. On creating a new agreement the system displays the user with a default Depreciation Template and depending on priority the values may be amend as necessary.

Note: Stepped Depn? checkbox in the General Group Box of the General Tab must be selected to enable this functionality.

To access the Depreciation Template:

1. From the Master Menu, select the Fleet Kompact option and Company required.

   The Kestrel Kompact Menu is displayed.

2. Select the Contract Management option.

   The Contract Management form is displayed.

3. Select the icon.

   The Create Contract form wizard is displayed so that a new agreement may be created by way of either an existing fleet quotation or manual input.

   This is the fourth form to be displayed within the wizard sequence.

4. Select the icon.

Depreciation Template form

This form is divided into four parts that are as follows:

Title Bar

In addition to displaying the form name the Title Bar displays other useful identification criteria and buttons.

Menubar and Toolbar

• File

• Help

Menu	Icon	Description
File > Save		Saves any amendments to the depreciation grid.. The CTRL S shortcut is an alternative way of saving the changes. On saving the system populates the NetRV field with the Total on the WDV column. The Residual field is populated with a VAT inclusive value (Net RV + VAT) if the vehicle is qualifying or Net RV if non-qualifying.
File > Exit		Exits the depreication grid without saving any edits that have been made. The ALT F4 shortcut is an alternative way of exiting the form.
Help >		Provides online access to context sensitive help for the current application using the default browser.

Depreciation Template Dialogue Box

The following information is displayed:

Franchise: Manufacturer code/description associated with the selected vehicle.

Model: Model code/description associated with the selected vehicle.

Variant: Variant code/description associated with the selected vehicle.

Total List: Total list price of the selected vehicle variant.

Year: Year for which the annual depreciation percentage is applicable.

Depn %: Single-left-click in the cell against the required year to modify the default depreciation percentage value that is generated from the Residual Value Template for the corresponding Franchise/Model/Variant; this, in turn, modifies the corresponding Depn % and WDV values and totals in the grid.

Depn Value: Single-left-click in the cell against the required year to modify the default depreciation value that is generated from the percentage value held in the Residual Value Template for the corresponding Franchise/Model/Variant; this, in turn, modifies the corresponding Depn % and WDV values and totals in the grid.

WDV: Written down value of the vehicle. This value cannot be edited directly but is modified by editing the values in either of the two previous grid columns. On saving the system populates the NetRV field with the Total at the bottom of this column. The Residual field is populated with a VAT inclusive value (Net RV + VAT) if the vehicle is qualifying or Net RV if non-qualifying.