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Process Depreciation

Process Depreciation

Run periodic depreciation calculations for all active fixed assets.

How to Process

  1. Set the Depreciation Date (typically month-end)
  2. Click Calculate to preview depreciation amounts
  3. Review the list of assets and their depreciation
  4. Click Process to post the journal entries

Depreciation Methods

The method is set per asset category:

  • Straight Line - Equal depreciation over the useful life
  • Declining Balance - Higher depreciation in early years, decreasing over time

GL Impact

  • Debit: Depreciation Expense account
  • Credit: Accumulated Depreciation account

See Also