Asset - Depreciation tab

Basic Depreciation

Only applicable if the Basic Depreciation model is used to depreciate Assets.

Depreciation Years

The period of depreciation, specified in years, is calculated automatically if the Percentage per Year is entered first.

If the depreciation period is 5 years then the Percentage Per Year is calculated as 20% using the straight-line depreciation rule.

Percentage per Year

The percentage rate at which the Asset is depreciated is calculated automatically if the Depreciation Years is entered first.

If the Percentage Per Year is entered as 20% then a 5-year Depreciation Years is calculated using the straight-line depreciation rule.

Current Value

The current value of the Basic Depreciation model for the Asset after depreciation is calculated using the Purchase Amount on the Asset - Maintenance tab, the Commissioned On Date on the Asset - Life Cycle tab, and Percentage Per Year or Depreciation Years.

The formula is:

Purchase Amount * [(Depreciation Years*365) - (Commissioned Date / (Depreciation Years*365)]