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In the Depreciation Method column , you can notice shows one of the following available depreciation methods:
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The Useful Life (Months) column (available for the Straight Line method) is populated with the number of months the fixed asset is being planned to be used.
In the The UOM column (available for the Units of Production method), select shows the unit of measure selected for usage.
The Estimated Production Volume subcolumn is used only for assets for which the Units of Production is selected as the depreciation method. It is populated with the production volumes (usage) required for the asset full depreciation. In the Accumulated Production Volume and Current Production Volume subcolumns, the sum of production volumes accumulated over the previous periods and the current production volume measured measured in the specified UOM are shown respectively.
The Cost for Depreciation Calculation subcolumn is populated by default default with the initial cost of the asset. If the fixed asset had been revaluated which is registered in the posted Change of Fixed Asset Parameters document, it is the cost after revaluation.
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The Net Book Value column shows the remaining cost of the fixed asset which is the difference between the initial cost (or the cost in the Cost for Depreciation column Calculation column if different) and the accumulated depreciation.
The Project/Project Task column (available if the Project Costing functionality is turned on on the Administration > Settings > Project Costing form) links this fixed asset with a project from the Projects list and if the Enable Project Tasks option is selected on the Administration > Settings > Project Costing form, links to a specific task of this project.
The Department column shows the department or warehouse to be linked with to the depreciation costs and usage of this fixed asset. If needed, you can change the department.
The Expense GL Account column shows the default GL expense account selected for transactions with the fixed asset.
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