Depreciation Single Asset - Actual Days

Create Depreciation Method
1. Fixed Assets > Maintenance > Depreciation Methods
2. Click New button
3. Enter these information

Header:

• Depreciation Name: SL-T45-<unique no.>
• Depreciation Type: Straight Line
• Service Years: 1
• Months: blank
• Convention: Actual Days

*Take note of Depreciation Name

4. In the grid, enter these % Percentage

• % Percentage: 100

5. Click Save button

6. Click Close button
7. Click Close button

Create Fixed Asset
1. Fixed Assets > Activities > Fixed Assets
2. Click New button
3. Enter these information
Details tab:

• Asset Description: FA Test-T45-<unique no.>
• Location: ADMIN LOCATION
• Serial No: T45-<unique no.>
• Notes: Test Notes-T45
• Date Acquired: Yesterday
• Default placed in service: Today
• Depreciation Method: <Depreciation Name noted in Step 1>
• Default Cost: 1,000.00
• Default Salvage Value: 100.00

*Take note of Asset No
*Take note of Asset Description
*Take note of Serial No.