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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 planned to be used. The Useful Life for Depreciation Calculation (Months) subcolumn shows the number of months the asset should be depreciated after the change of parameters. The Remaining Useful Life subcolumn (Months) subcolumn shows the number of months during which depreciation must be done after the current month.
The UOM column (available for the Units of Production method) shows the unit of measure selected for usage.
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The GL Accounts column shows the default GL accounts to be used for the fixed asset depreciation. Click any account presented as a link. The GL Accounts dialog box opens, and you can review the accounts..
The GL Accounts dialog box
If needed, you can replace the default accounts with other accounts. Click OK to save the selection and close the dialog box.
In the Transaction Content column, provide a brief comment related to the fixed asset accepted for accounting.
The tab toolbar buttons
The Calculate button is used to update the data for the listed fixed assets if the data was changed by other documents.