Depreciate an Asset

To depreciate an asset:

  1. From the Home Page, click Assets & Stock 
  2. Click Asset Register 
  3. The Asset Register will open 

    • To add an asset, click on Add New . Complete the Asset Details window
    • To edit an asset, click on Edit . The Set Asset Details screen will appear. Edit as required
  4. Click the Depreciation tab at the top of the Set Asset Details screen to display the Depreciation section 

    • Tick the Is the Asset Depreciable? checkbox
    • Choose either Annual Depreciation Rate % or Annual Depreciation Amount $
      • Annual Depreciation Rate %
        1. Enter the required percentage
        2. Select the method of depreciation either Prime Cost or Diminishing Value
      • Annual Depreciation Amount $
        1. Enter the required amount
  1. Click the green tick  to save
  2. Click the black cross  to close the window






Was this article helpful?
0 out of 0 found this helpful
Have more questions? Submit a request