Record Depreciation

For those composite assets or asset components with a Depreciation Method of Manual, the Fixed Asset Depreciation (FE) transaction is used to record depreciation.

1. Create an instance of the Fixed Asset Depreciation transaction.

2. On the Header:

1. Enter or select the Fixed Asset Number and take the Auto Apply action.

2. If a composite asset enter Depreciation Amount.

3. On the Component tab, if the asset is not a composite asset:

1. Enter Depreciation Amount and other disposal details in a ‘new’ field.

4. Validate the transaction.

5. If errors exit, fix the errors and repeat step 4. If no errors exist, then continue with Step 6.

6. Submit the transaction.