View Of Depreciation for Fixed Assets

The Asset Depreciations View provides a detailed financial breakdown of how an asset's value is reduced over time. Unlike the high-level Assets List or the movement-based ledger, this view focuses specifically on the accounting logic and the history of depreciation expenses applied to a single asset. To access this, click on an Asset Description or ID and navigate to the Depreciations tab.
 
Asset Details Section
This section displays the core parameters used by the system to calculate value loss.
  • Asset Name: The specific name of the item being depreciated (e.g., Dell Tall tower Servers).
  • Depreciation Method: The formula used for calculation (e.g., Straight line), which ensures equal expense distribution over the asset's life.
  • Depreciation Rate: The percentage of value reduced annually (e.g., 20%).
  • Depreciation Start Date: The official date when the system began calculating value loss (e.g., 10/01/2024).
  • Depreciation Last Processed Date: Indicates the most recent date the system ran a depreciation cycle for this asset.
  • Quantity: The total number of units for this specific asset entry (e.g., 5.00).
  • Purchase Cost Per Qty: The original price paid per individual unit.
  • Current Value Per Qty: The current book value per unit after subtracting accumulated depreciation.
 
Depreciation History Table
This table lists each individual depreciation "run" or transaction, providing a clear audit trail of financial adjustments.
  • Reference: The unique transaction ID or journal reference for the depreciation entry.
  • Date: The date the depreciation was officially recorded in the books (e.g., 10/03/2024).
  • Description: A brief note identifying the asset associated with the expense.
  • Depreciation From / To: The specific date range covered by this particular depreciation expense (e.g., from 10/01/2024 to 10/03/2024).
  • Amount Depreciated: The specific dollar amount of value lost during this period (e.g., 8,333.33).
  • Total: The sum of all depreciation entries listed in the table, representing the total value written off for the asset.
 

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