On this tab, you can view the depreciation status of the fixed asset.

The "Fixed Asset Write Off (create)" form. The Fixed Assets tab

Click Add on the toolbar to append a line to the document.

In the Fixed Asset column, select the fixed asset to be written off.

The Initial Cost/ Net Book Value column is populated with the initial cost of the fixed asset and its residual cost.

The Accumulated Depreciation/Depreciation for the Current Month column is populated with the amounts of the accumulated depreciation and the amount calculated as the current-month depreciation amount.

The Depreciation for the Current Month column shows the depreciation amount calculated for the current month.

In the Transaction Content column, provide a brief comment for the fixed asset being written off.

The Fixed Assets tab toolbar buttons

The Calculate button is used if you need to calculate depreciation for the current month and deduct this amount from the net book value.