Depreciation Schedules On Assets

Depreciation Schedules determine an asset's depreciation over time. Schedules can be attached on assets and categories at creation or later on modification.

Sales only assets do not support depreciation schedules

By default, schedules are inherited from the parent category or asset category, if a schedule is not explicitly set on the asset/category at creation. Attaching an explicit schedule on an asset/category overrides the inherited default (if any).

To view schedules on an existing asset, head to the Assets Page and click on an asset to open the Edit Asset Popup, and click on the Depreciation Tab.

The Depreciation Tab sports a table that shows what schedule is currently attached on the asset. Schedules are indicated as (Inherited) , if not explicitly set on the asset. To explicitly set a schedule click on the + Attach Schedule /+ Replace Schedule button towards the top right corner of the schedules table.

Select a new schedule from the resultant drop-down menu, and confirm the resultant prompt to replace/attach the selected schedule on the asset.

A newly attached schedule needs to be saved before depreciation can be calculated for that schedule on the asset. A service date is also needed on the asset to allow calculating schedules.

Once a schedule is attached and saved on the asset, the status column on the schedules table informs user if they need to take anymore actions for the calculations to be performed. Once calculations are ready, the schedule's status will be marked as Complete . Clicking on a completed schedule opens up the schedule's depreciation calculations.

Explicitly set schedules on assets can be deleted via the Delete button in the last column of the schedules table. Deleting an explicitly set schedule will revert the asset to the inherited schedule, if one is available on it's category.