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 / ID column, select the fixed asset to be written off; its unique identifier appears automatically.
The Initial Cost/ Net Book Value column is populated with the initial cost of the fixed asset and its residual costasset in the accounting currency which cost was specified on accepting the asset to accounting.
The Cost for Depreciation subcolumn is populated with the initial cost defined for depreciation calculation.
The Accumulated Depreciation /Depreciation for the Current Month column Calculation subcolumn 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 monthdepreciation amount accumulated on behalf of the fixed asset up to the current period.
The Current Depreciation Amount column shows the depreciation amount calculated for the current month in the accounting currency. Click the Calculate button to calculate the
current-month depreciation expense and deduct it from the net book value.
The Net Book Value column shows the difference between the initial cost and accumulated depreciation for the asset.
In the Transaction Content column, provide a brief comment for the fixed asset being written off.
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