Set up alternate depreciation methods
Alternate depreciation methods are as follows:
- Anticipated depreciation
- Accelerated depreciation
- Reduced depreciation
You must create depreciation tables to set up these depreciation methods.
Steps to set up alternate depreciation methods
- Choose the
icon, enter Depreciation Tables, and then choose the related link. - On the Depreciation Table List page, choose the New action.
On the General FastTab, fill in the fields as described in the following table.
Field Description Code The code for the depreciation table. Description The description for the depreciation table. Period Length The length of the period to which each of the depreciation table lines apply. Total No. of Units The total number of units that the asset is expected to produce in its lifetime. On the Lines FastTab, fill in the fields as described in the following table.
Field Description Period Depreciation % The depreciation percentage to apply to the period. No. of Units in Period The number of units produced by the asset to which this depreciation table applies. Anticipated % The anticipated depreciation percentage. Accelerated/Reduced % The actual depreciation percentage. In the Total Depreciation % field, enter the total depreciation percentage.
- Choose the OK button.