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In the Fixed Asset column, select or create on the fly a fixed asset matching the inventory item specified on the Main tab or one unit of the inventory item.
the Depreciation Method column
In the UOM column, select the unit of measure for usage.
In the fixed asset whose accounting parameters will be changed.
In the Depreciation method column, you can select one of the change the depreciation method to be applied to the fixed asset. The following depreciation methods are available :
- Linear: To calculate depreciation in equal monthly amounts during the fixed asset useful life.
- Units of Production: To calculate depreciation amounts proportionally to actual usage of the fixed asset.
In the UOM column, select the unit of measure for usage if the Units of Production method will be applied.
Use the Useful Life to Calculate Depreciation column to enter change the number of months the fixed asset is being planned for usage if the Linear depreciation method is selected for the asset.
The Amount of work for Calculation in Natural Units column is used only for assets for which the Units of Production selected as the depreciation method.
A check box selected in the Depreciate column indicates that for this asset the system will calculate depreciation in accordance with the selected method. If you clear the check box, the fixed asset will be considered as temporarily at conservation and will not be depreciated.
The Expense GL Account column shows the default GL expense account selected for transactions with the fixed asset. If needed, you can assign another GL account from the Expenses section of COA.
In the Department column, you can specify change the department associate associated with usage of this fixed asset.
In the Expense Item (for Depreciation) column, you can select an expense item to be associated with this fixed asset.
Use the Business Activity column to select the business activity with which this fixed asset is will be associated.
In the Cost Before Changes column, enter the initial cost of the fixed asset.
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