Step 9 - Set up depreciation
rates
Set up depreciation rates (percentages) for the companies
fixed assets.
Complete the following fields as
appropriate:
- Code - Displays the nominal code for the fixed
asset.
- Description - Displays a description of the
fixed asset.
- Balance - Displays the current balance of the
fixed asset.
- Rate - Enter the percentage rate that you wish
to depreciate the fixed asset by (for this year).
- Depreciation - Displays the depreciation
amount (e.g. the balance multiplied by the percentage Rate).
- Posted - Displays the amount that has already
been posted against this nominal account (fixed asset) for the
current year.
- Adjustment - Displays the final adjustment
(e.g. Depreciation minus the
Posted amount). You should not modify this
field.
- Use the Save button on the main toolbar to
save any changes that you have made.
