Adding depreciation schedules to assets

You add depreciation schedules to assets to reduce the value of that asset according to user-defined period thresholds. In date-based schedules, the value depreciates at specific time intervals. In usage-based schedules, the value declines based on an asset meter. For example, you can set a depreciation schedule on a vehicle that is based on miles driven or time in service.

Before you begin

An asset must have values for a starting cost and a salvage amount before you can set a depreciation schedule. You can define both of these values when you create the depreciation schedule.

1. Select an asset and click the Depreciation Schedule > Manage Depreciation Schedule action.
2. In the Schedule Definition table, click New Row and specify either a straight-line calculation or a double-declining calculation in the Method field.
3. In the Period Type field, specify either a date or meter schedule.
4. In the Periods field, specify the number of depreciation periods that are in the schedule.
5. Depending on the period type you specified, specify either the date period information or meter period information.
6. Click OK to save the schedule.