15 Overview to Standard Depreciation

This chapter contains these topics:

Section 15.1, "Objectives,"
Section 15.2, "About Standard Depreciation."

15.1 Objectives

To understand how standard depreciation is calculated
To enter units of production, if required
To calculate standard depreciation
To post depreciation to the general ledger
Work with depreciation expense allocations

15.2 About Standard Depreciation

After you set up depreciation rules and establish master information, depreciation information, and account balances for the assets in your system, you can calculate standard asset depreciation.

Asset depreciation consists of the following tasks:

Understanding depreciation methods
Entering units of production (optional)
Calculating standard depreciation
Posting depreciation to the G/L

Note:

Enter units of production only if your organization uses units of production to compute depreciation (Method 09).