Chapter 7 – Asset Depreciation

Click Asset Register > Depreciation Rate Revision Maintenance.

Depreciation Rate Revision for Straight Line Method only.

Code:Key in Depreciation Rate Revision Code for system.

Description:Briefly describe your rate revision code here.

Asset Type: Choose from Asset Type.

Revision Type:Select the revision type, either by Date or by Year.

• Date:Depreciation value will start to be revised based on the actual date.
• Year:Depreciation value will start to be revised based on the number of years after the asset was purchased.

Click to add new depreciation rate revision.

Effective Date:Select an actual date to start revising the rate.

Effective Year:Select the number of years to start revising the depreciation rate.

Revised Depreciation Value:Key in the revised depreciation rate in percentage (%).

Click to save the depreciation rate revision and to close the window.