Fixed Asset Depreciation

Use this form to define the method in which the system calculates depreciation and partial depreciation for each active asset. You can also use this form to record any other related depreciation information.

Because the system only posts "BOOK" to the General Ledger, you must assign a Depreciation Code of "BOOK" if you want the depreciation to post to the General Ledger. When the depreciation code is "BOOK" the Delete icon in the toolbar is disabled.

Note: When using a depreciation method other than the default methods provided by the system, you must establish a Fixed Asset Depreciation Table for that method.