Setup Depreciation Method

Standard depreciation methods are defined in application.These methods have standard calculation for depreciation. You can tag these methods to set up your own depreciation master.

Here is a reference video:

Step by Step instruction to create a master  depreciation method

• Click on Settings from left menu pane

• Go to Assets section

• Click on Master Depreciation Entry

• Fill up the fields, select country, type method name

• Select the Depreciation method from the drop down list

• Select the Apportioned type list from drop down menu

• Select Main group and Asset group

• Add the Life span value of the asset and description (optional)

• If depreciation percentage is same for each year then keep the “Percentage same for all year” checkbox as ticked and add the rate 

• If the depreciation percentage varies each year, uncheck the checkbox to add the rate for each year of the life span

• Click on Save