About Calculating the Depreciation Schedule

The EM Asset Setup form will automatically calculate a depreciation schedule for an asset after you have set up the asset’s parameters (depreciation method, asset life, etc.) on the Info tab and clicked the Calculate button. This calculation determines the amount to take on a month-by-month basis for the asset.

A schedule must be calculated before you can use the EM Depreciation Processing form to post depreciation costs to GL. When processing depreciation, the Amount Taken column is updated for the specified month(s), along with the total amount taken-to-date and the remaining amount to take (shown in the Taken and Balance fields above the grid).