WorkBook supports four depreciation methods. The method you choose determines which additional fields are required.
| Code
|
Method
|
Required Fields
|
Description
|
| 1
|
Straight Line
|
Useful Life (Months)
|
Equal depreciation each period over the asset's useful life
|
| 2
|
Reducing Balance
|
Depreciation Percentage
|
Depreciation calculated as a fixed percentage of the remaining book value each period
|
| 3
|
Double Declining Balance
|
Useful Life (Months)
|
Accelerated method - applies double the straight-line rate to the declining balance
|
| 4
|
Sum of Years' Digits
|
Useful Life (Months)
|
Accelerated method - depreciation weighted by the fraction of remaining useful life
|
Field Requirements by Method
| Field
|
Straight Line
|
Reducing Balance
|
Double Declining
|
Sum of Years
|
| Depreciation Percentage
|
Not allowed
|
Required (1-100)
|
Not allowed
|
Not allowed
|
| Useful Life (Months)
|
Required (> 0)
|
Not allowed
|
Required (> 0)
|
Required (> 0)
|