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- 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 usedwas initially planned for use. The Useful Life for Depreciation Calculation (Months) subcolumn shows the number of months revised useful life (in months) the asset should be depreciated has after the change of parameters. The Remaining Useful Life (Months) subcolumn shows the number of the difference between the numbers of months of useful life and months during which depreciation must be done after the current monthit was depreciated.
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
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