Depreciate an asset

Before you start

Before you report the depreciation of the assets, you can calculate the depreciation amounts by using the Calculate only option available in the Action field.
You can review calculated amounts for the selected asset on the Depreciation history tab of the Fixed assets (FA303000) window.

To depreciate one asset or multiple assets, you use the Calculate depreciation (FA502000) window.

1. Go to the Calculate depreciation (FA502000) window.
2. In the To period field, specify the financial period that ends the period range for which you want to depreciate assets.
3. In the Action field, select Depreciate.
4. In the Branch field, specify the branch of the organisation whose assets you want to depreciate.
5. Optional: In the Asset class field, select an asset class, so that assets of this class only will be filtered for depreciation.
6. Optional: In the Parent asset field, select a parent asset if you want to depreciate the components of a particular asset.
7. Optional: In the Book field, select a book to depreciate the assets associated with the particular book.
   The depreciation would be reported in all the books associated with the asset.
8. To depreciate only particular assets, select the check boxes next to required assets in the table, and click Process on the toolbar.
9. To depreciate all assets listed in the table, click Process all in the toolbar.
10. Release the resulting transactions as directed by your company's workflow.
    For more information, see: Release multiple fixed asset transactions