Constant Salvage Value for an Asset Class in FA Module

Hi All,

We have a scenario where salvage value is to be setup as 1000 $ for all the assets irrespective of Asset Cost. Basically the requirement is to stop depreciating the asset once the NBV reaches 1000 $.

I tried setting up a custom Formula where I selected formula as "07" - Salvage Value and under Multiplier / Constant - 1000 $ is populated.

And the same custom formula is then attached to Depreciation Rules in P12853 under salvage value field.

My query is even after doing this, the salvage amount is not getting populated as 1000 $ at the time of creation of asset. I do not see Salvage value populated under depreciation Information, neither when I run the depreciation in final mode, salvage value does not get populated in F1202.FLTKER field.