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To create a new depreciation rule in AssetIT, follow these steps:
Click on "Create New"
on the top right of the Depreciation List page.Fill in the fields of:
Depreciation Name: Enter a descriptive name for the depreciation rule. This helps in identifying the rule easily. E.g.
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Example:
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Number of Months: Specify the number of months over which the asset will be depreciated. E.g.
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Example: "60 months" for a 5-year depreciation period. |
Minimum Value after Depreciation: Enter the minimum value that the asset should retain after the depreciation period. This ensures that the asset's value does not drop below a certain threshold, even after full depreciation.
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Example: "100" if the asset should not depreciate below $100. |
Click on “Submit”
to save the new depreciation rule.
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