Use the Asset Depreciation page to depreciate one or more assets and generate a related report. Access this page by clicking the Depreciate item in the Asset Information page.
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Depreciation Options:
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Calculate Project - Calculates projected depreciation without posting the results.
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Retro Depreciation - Calculates and posts depreciation retroactively for assets acquired in previous years.
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Post Depreciation - Calculates and posts depreciation for fixed assets as often as once each month, depending on the schedule set by your organization.
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Report Options:
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Detail Report - Lists the department, category, Asset ID, description, asset life and method of depreciation, initial cost, year-to-date depreciation, and depreciation accumulated to date for all assets processed.
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Summary Report - Shows only the totals of initial cost, year-to-date depreciation, and depreciation accumulated to date for each department and for each category within each department.
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