...
- Straight Line: To calculate depreciation in equal monthly amounts during the fixed asset useful life. Depreciation stops when the net book value becomes equal to the salvage value.
- Units of Production: To calculate depreciation amounts proportionally to actual usage of the fixed asset. If salvage value is greater than zero, depreciation stops when the net book value becomes equal or less than the salvage value.
The Useful Life (Months) column subcolumn (available for the the Straight Line method) is populated with the number of months the fixed asset is planned to be used. was initially planned for use. The Useful Life for Depreciation Calculation (Months) subcolumn shows the revised useful life (in months) the asset has after the change of parameters. The Remaining Useful Life subcolumn shows the number of months during which depreciation must be done(Months) subcolumn shows the difference between the numbers of months of useful life and months during which it was depreciated.
The UOM column (available for the Units of Production method) shows the unit of measure selected for usage.
...
The Net Book Value column shows the remaining cost of the fixed asset which is the difference between the gross cost (the initial cost or the revised gross cost in the latest posted Change of Fixed Asset Parameters document) 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 to usage of this fixed asset and its depreciation costs. If you need, you can change the department.
...
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.