To Configure Table Methods with Annual Depreciation

To add a new depreciation table method with annual depreciation, you use the Depreciation Table Methods (FA202600) form to add a method of the both type that is used to specify both the settings of the depreciation methods and the annual depreciation rates. Such methods use the Full Year or Mid Year averaging conventions.

To Configure Table Methods with Annual Depreciation

1. Open the Depreciation Table Methods (FA202600) form.
2. In the Depreciation Method ID box, type the name of the new method.
3. In the Record Type box, select the Both type.
4. In the Useful Life, Years and Recovery Period boxes, specify the supposed asset useful life in years and month accordingly.
5. In the Description box, specify the description of the asset.
6. In the Averaging Convention box, select a Full Year or Mid Year averaging convention. For more information, see Averaging Conventions
7. In the Convention Period box, type 1.
8. In the table, type the rates for the recovery years.

   The sum of rates, displayed in the Total Percents box, must be 100 percent.

9. On the form toolbar, click Save.