Depreciation Methods

In the Fixed Assets Management SuiteApp, each asset must be assigned a depreciation method so that NetSuite can calculate the asset's depreciation. Depreciation methods can be linked, which means that an asset can depreciate using one method for the first part of its lifetime, and then switch to a different method for the remaining lifetime.

The Fixed Assets Management SuiteApp enables you to maintain separate book depreciation and tax depreciation calculations. Book (accounting) depreciation of fixed assets is linked to journal postings and transactions in NetSuite. You can use any of the preconfigured depreciation methods or create a new depreciation method.

For more information, read the following topics:

• Preconfigured Depreciation Methods

• Creating a New Depreciation Method

• Depreciation Formula

For information about creating and using tax depreciation methods, see Alternate Methods (Tax Depreciation Methods).

Related Topics

• Fixed Assets Management Overview
• Preconfigured Depreciation Methods
• Creating a New Depreciation Method
• Depreciation Formula

General Notices