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A check box selected in the Depreciate column 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 depreciateddepreciation will be calculated using the "old" parameters, that is, the parameters in effect before the current changes.
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.
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Use the Business Activity column to select the business activity with which this fixed asset will be associated.
The Gross Cost column column shows the initial gross cost of the fixed asset before the current changes.
Use the Revised Gross Cost column to enter the updated cost of the asset.
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In the Cost Before Changes column, enter the initial previous cost of the fixed asset.
Use the Cost for Depreciation Calculation column to enter the updated cost of the asset.
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