Question on amortization/depreciation
I'm working on modeling cost tracking in Basis using processes, and one of the questions that came up for me is amortization of a cost over a period of time.
If my company buys a widget machine, and its expected lifetime is 10 years, when we use that widget machine for a day, is there a built-in way to express the cost of the use of the widget machine? For instance, if the widget machine cost $5000 and lasts 10 years then if we make 100 widgets/day with it, I would expect each widget to have the cost of the widget machine embedded in them as $5000 / (100 * 365 * 10)
or $0.014044944
+ whatever labor/materials were used for the widget.
What does it look like/how is it expressed in VF to spread the cost of an asset over a period of time?