Defining Custom Depreciation Tables

  1. Open the Fixed Asset Depreciation Tables form.
  2. Select Actions > New.
  3. Specify a code for the new method.
  4. Specify a description for the code.
  5. Select Reduce Cost by Salvage to deduct the salvage value from the asset's cost when calculating the current depreciation deduction until the asset's last useful life year.
  6. Specify the percent of depreciation for each year.
  7. Save the record.
Related topics