Create a New Asset Group

Use these steps to create an asset group.

To create a new asset group:

1. Go to General Ledger > Fixed Assets > > Setup > Groups.
2. Click the New Asset Group action.
3. In the New Asset Group wizard, enter the asset group name in the Name field.
4. In the Method field, select the depreciation method from the dropdown list.
5. In the Period field, enter the book depreciation period.
6. Click Next and then complete the remaining required fields.
7. Click Create.