Depreciation Methods
Depreciation is the amount charged against an organization’s earnings to recognize the cost of an asset over its estimated useful life, giving consideration to wear and tear, obsolescence, and salvage value. Depreciation is calculated on assets for a certain period of time to reflect their decreased value.
In Fixed assets settings, you can enable and disable the depreciation methods available when creating new asset records and asset classes.
Enable depreciation methods
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Under Fixed assets, Settings, select Depreciation methods.
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Select Edit to enable or disable the available depreciation methods.
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Select the checkbox next to the depreciation methods you want available when creating new asset records and asset classes. You must select at least one depreciation method.
Available depreciation methods include:
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Straight line
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Do not depreciate
Note: Any existing assets you have with depreciation methods other than "Straight line" or "Do not depreciate," are view-only records.