Depreciation Methods Examples

DPS is set up to use the straight-line method of depreciation, but you can set up additional methods for calculating depreciation.

Set up depreciation methods on the Methods tab in Settings > Asset Management. Use this tab to enter the useful life, recovery years, periods, and percentages for each depreciation method that you use. You can distribute asset costs based on time or use, employing either a regular rate or an accelerated rate.

After you configure the Asset Management application and set up the different methods of depreciation that your enterprise will use, you can enter a depreciation method for each asset item in the Equipment hub, in the Method field on the GL Book tab.