...
Using this tab, you can list the available fixed assets with the accounting details on the date preceding the start of operations in the application.
The Opening Balances Entering (create) document. The Property tab
...
In the Depreciation method / UOM column, select the method of depreciation assigned to this asset. For the Units of Production method, select the UOM used for measurements.
In the Useful Life to Calculate Depreciation / Volume of Production (Months)/ Estimated Production Volume / Depreciation column you can enter the useful life of the fixed asset during which it will be depreciated, the limit of units of usage (production) if the depreciation method is method is Units of Production .
Use the Gross Cost /Salvage Value column to enter the current cost of the fixed asset and its salvage value at which depreciation must stop.
Use the Initial Depreciable Cost/ Current Depreciation column to enter the initial cost under depreciation and accumulated the depreciation amount in the current month.
Select the Depreciate column to indicate that the fixed asset must be depreciated; clear the check box to indicate that depreciation for this asset will not be performed.
...