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Fixed Assets Product Guide

  
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4.3.4. Ad hoc Depreciation
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4.3.4. Ad hoc Depreciation

The Fixed Asset Depreciation package also allows you to define and post a one-off depreciation entry. This functionality is designed to meet the United States Section 179 accounting rules, which allow businesses to post a one-off depreciation expense against certain assets. In the Transactions tab on the Fixed Asset screen, there is a button for AD-HOC DEPRECIATION. Press the AD-HOC DEPRECIATION button to open the Apply Ad-Hoc Depreciation screen, as shown in the following screenshot:

Apply AdHoc Depreciation Entry

Here are the steps to apply an ad-hoc depreciation:

  • Enter the amount of one-off depreciation to apply to the asset.

  • Specify the date when you want the depreciation to be applied.

  • Press POST to complete the transaction.

Note

The ad hoc depreciation functionality can only be applied once per asset.

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4.3.3. Depreciate Individual Assets Home 4.3.5. Depreciation Transactions