Depreciation Methods

Depreciation allocates an asset's cost over its estimated useful life, accounting for wear, obsolescence, and salvage value. Set which methods are available when you add asset records and asset classes. For an overview of related setup options, see fixed asset settings.

Manage Available Depreciation Methods

1. Under Settings, Fixed assets, select Depreciation methods.

2. Select Edit.

3. Select the methods to make available when you add asset records or asset classes. Keep at least one method selected.

Available methods include:

• Straight line

• Do not depreciate

Note: Existing assets with a method other than Straight line or Do not depreciate are view-only records.