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Administrator Guide
Last Updated: 2026-03-13
Create Custom Depreciation Rate Schedules

Create Custom Depreciation Rate Schedules

Security:
Set Up: Business Asset Accounting
 domain in the Business Asset Accounting functional area.
Rate schedules enable you to define custom depreciation percentages for each period that assets depreciate.
You can use custom depreciation rate schedules as an alternative to Workday-owned depreciation methods when:
  • No Workday-owned depreciation method fits your depreciation requirements.
  • You anticipate you'll need to reassess the amortization or depreciation of assets during their useful life.
  1. Access the
    Create Rate Schedule
     task.
  2. As you complete the task, consider:
    Option Description
    Usage Count
    Displays how many depreciation profiles and asset book configurations use this rate schedule. You can delete rate schedules or edit period ranges on rate schedules only when their usage count is zero.
    Currency for Depreciable Basis
    Determines the decimal precision for the sample depreciation expense lines.
    Depreciable Basis
    Workday uses this amount to calculate the sample depreciation expense lines.
  3. As you add rows for your depreciation period ranges, consider:
    Option Description
    Depreciation Percentage for Range
    Enter the total depreciation percentage between the
    From Period
     and the
    To Period
    .
    The depreciation percentages for all ranges must total 100.
    Periodic Rate
    Illustrates the percentage of depreciation for 1 period based on the information that you enter.
    Sample Depreciation Expense
    Illustrates the depreciation expense for 1 period based on the information that you enter. This informational field doesn't reflect lifecycle events that you perform on assets.
To track intangible assets following a 3-year sales curve with an estimated amortization of 56% for the first year, 24% for the second year, and 20% for the third year, you create a rate schedule with these period ranges:
From Period
To Period
Depreciation Percentage for Range
1
12
56%
13
24
24%
25
36
20%
To populate rate schedules on assets:
  • Create new depreciation profiles with a depreciation method of
    Rate Schedule
    .
  • Update your asset book rules.
To change rate schedules on assets when you reassess their amortization or depreciation, access the
Adjust Asset
 task. See Concept: Asset Accounting Tasks.