Create depreciation schedules

This topic is under construction. It may be incomplete and is subject to change. 

When to use this procedure

Follow the steps below to establish the methods available for depreciating your inventory as required by your accountant.

Steps to complete

  1. On the Maintenance menu, point to Inventory Maintenance and click Depreciation Schedules. The Maintain Depreciation Schedules window displays.
  2. Click Add Item.
  3. Type a name for the new schedule, such as 3 Year and select a Depreciation Type.

Maintain Depreciation Schedules window, Tab 1

  1. Click Save.
  2. Click the Schedule Details tab.
  3. Add equal percentages for multiple months at a time or add different percentages for individual months.
If you want to create a depreciation schedule for... Then...

multiple months at one time,

Maintain Depreciation Schedules window, Tab 2 SL

  1. Enter the first month to depreciate the item in the Beg Period box. For example, 1.
  2. Enter the last month in the End Period box. For example, 36.
  3. Enter the percentage, as a decimal, to depreciate the item value each month. For example, enter 0.02500 for 2.5% depreciation per month.
  4. Click Add Multiple. The grid automatically populates a row for each month within the Beg Period/End Period span.

one month at a time,

Maintain Depreciation Schedules window, Tab 2 MACRS

  1. Click Add Item.
  2. Enter the first month you want an item to depreciate in the Year column of the grid.
  3. Enter the percentage, as a decimal, to depreciate the item for this month in the Percentage column in the grid.
  4. Repeat steps 1-3 for each month you want to add to the schedule.
  1. Click Save.

Helpful links

Add inventory to your lease pool

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