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Calculate Depreciation

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A-7 from the main menu

 

In order to calculate depreciation, you must have Depreciation Codes and Depreciation Types set up and assigned to purchase records in the Rental File.  The purchase records in the Rental File will also need all appropriate cost and other purchase information entered.

 

Once setup is complete, On a MONTHLY basis, you will need to calculate depreciation. To do this, go to A-7 from the main menu. You will be prompted for an ending date which should represent the last day of the month you are calculating depreciation for. You may either calculate depreciation for one location by selecting the location from the store field, or you may leave this field blank to calculate depreciation for all locations.

 

Click on the calculate button once you have entered the proper date and location information. You will be presented with a pop-up window when the calculation is complete. Upon completion, you may preview or print a report showing the depreciation information that was calculated.

 

If you click on the "Post It" button, the rental file will be updated with this depreciation information.