Step 1 - Specify Financial information
1.Verify that the option Step 1 - Specify Financial information is selected at the top of the page.
2.Provide the following financial information:
•Purchase Order Number - The purchase order of the element.
•Required: Date Purchased - The date the element was purchased. To select the date, click the
calendar icon, 
. If you select a future date, the purchase date is set to today when calculating depreciation. The management server only supports dates within the years 1900 through 3000.
•Reseller - The company that directly sold you the element.
•Required: Purchase Price - The price of the element when it was bought.
•Salvage Value - The amount of money an item is worth for salvage value. You cannot go below this number when depreciating an item.
•Required: Depreciation Period (months) - The time period in which you plan to keep the element.
•Required: Depreciation Method - How the depreciation is calculated. Select one of the following:
•Straight Line - The device loses the same amount of value in each period. To learn more about how the management server calculates
•Fixed Declining Balance - This method calculates depreciation based on the value of the asset each month instead of a fixed rate like straight line depreciation. To learn more about how the management server calculates fixed declining balance, see ”Calculating Fixed Declining Balance” on page 658.
•Double Declining Balance - This method doubles the calculation of the Fixed Declining Balance method. Thus, it doubles the speed at which a device depreciates. To learn more about how the management server calculates double declining balance, see ”Calculating Double Declining Balance” on page 660.
•Value as of - The value of the element as of the end of the previous month. For example, assume you entered and/or viewed this chargeback information in the middle of March. The value would be for the month of February, but not for March. The value is calculated from the following boxes:
•Date Purchased
•Original Cost ($)
•Depreciation Salvage Value ($)
•Depreciation Period
•Depreciation Method
3.Click Save Changes.
Step 2 - Assign Departmental Ownership Percentage
Assign the percentage of ownership to an element and the monthly infrastructure charge by doing the following:
HP Storage Essentials SRM 6.0 User Guide 651