On this tab, you can view the depreciation status of the fixed asset.

The "Fixed Asset Write Off (create)" form. The Fixed Assets tab

Click Add on the toolbar to append a line to the document.

In the Fixed Asset column, select the fixed asset to be written off.

The Initial Cost/ Net Book Value column is populated with the initial cost of the fixed asset and its residual cost.

The Accumulated Depreciation/Depreciation for the Current Month column is populated with the amounts of the accumulated depreciation and the amount calculated as the current-month depreciation amount.

The Depreciation for the Current Month column shows the depreciation amount calculated for the current month.

In the Transaction Content column, provide a brief comment for the fixed asset being written off.

The Fixed Assets tab toolbar buttons

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