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Asset
ID
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It is the Asset ID. The maximum
length is 30 characters.
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Description
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The maximum length for description
is 100 characters.
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Serial Number
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The
maximum length is 30 characters.
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Category
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It is
just information field for grouping purpose. You may not
input it.
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Brand
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It is
just information field for grouping purpose. You may not
input it.
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Division
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It is
just information field for grouping purpose. You may not
input it.
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Location
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It is
just information field for grouping purpose. You may not
input it.
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Department
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It is
just information field for grouping purpose. You may not
input it.
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Model
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It is
just information field for grouping purpose. You may not
input it.
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Detail
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It is
indicate that there are list of detail on the Detail
tab.
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Purchase Date
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The
date that you purchased asset.
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Document
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It is
just information field for grouping purpose. You may not
input it.
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Vendor
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It is
just information field for grouping purpose. You may not
input it.
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Accumulated dep.
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It is
the account number that will be used for Accumulated
Depreciation. You must select it.
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Depreciation Exp.
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It is
the account number that will be used for Depreciation
Expense. You must select it.
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Method
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There are three options,
Straight Line, Declining and Write Off.
1. Straight Line is
the method that depreciates the value of an asset by a
fixed percentage every month until the value reduces to
zero or the salvage value.
2. Declining
Balance is
the method that depreciates the value of an asset by a
fixed percentage each year.
3. Sum-Of-the-Years is
the method that depreciates the value of an asset by
using sum of the service years as divider.
4. Write
Off is
an option used to expense the remaining book value of an
asset at the end of its useful life.
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Unit
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It is
the number of units.
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Unit Price
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It is
the unit price.
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Cost
Price
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It is the net price you paid for the
asset.
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Rate
(%)
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It is
the annual percentage rate of depreciation.
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Next
Dep.
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The value of next month’s
depreciation. |
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Total
Acc. Dep
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The
total amount of accumulated depreciation to date.
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Book
Value
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The
book value of the asset. If the asset is brand new, the
amount in the Book Value and Cost Price fields should be
the same.
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Mons.
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The
number of months has been depreciated so far.
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Last
Posted
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The
date of the last depreciation transaction.
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