Depreciation Method

Specify the abbreviation of the depreciation method.

SyteLine provides seven standard depreciation methods. User-defined methods may also be used. The seven standard depreciation methods and any abbreviations used in the system are:

  • sl = straight line
  • SYD = sum-of-the-years'-digits
  • usage = production or use method
  • 125DB = 125% declining balance
  • 150DB = 150% declining balance
  • 175DB = 175% declining balance
  • 200DB = double declining balance
Note:  You can create user-defined depreciation methods in the Fixed Asset Depreciation Tables form.
Note:  If the acquisition cost or bonus amount is changed for an asset after some depreciation expense has been posted (accumulated depreciation > 0), then it is recommended that you delete and re-enter the asset with the changed cost, bonus amount, and accumulated depreciation. Otherwise, the future calculated depreciation deduction amounts will be incorrect. This only pertains to assets using the declining balance method with periodic frequency.