To Configure New Zealand Depreciation Methods

On the Depreciation Methods (FA202500) form, you can configure formula-based depreciation methods by using any of the available depreciation calculation methods, which are described in detail in Predefined Depreciation Methods.

This procedure describes how to configure depreciation methods that are commonly used in New Zealand.

Note:
The formulas used by the system to calculate the depreciation expenses by using these depreciation method are described in New Zealand Depreciation Methods.

To Configure the New Zealand Straight-Line Depreciation Method

  1. Open the Depreciation Methods (FA202500) form.
  2. On the form toolbar, click Add New Record.
  3. In the Depreciation Method ID box, type the name of the new method.
  4. In the Calculation Method box, select New Zealand Straight-Line.
  5. In the Description box, enter a description of the depreciation method that will help users to easily find this method in the list of available depreciation methods.
  6. In the Percent per Year box, specify the part of the asset's depreciation base (as a percent) that should be depreciated each year.
  7. On the form toolbar, click Save.

To Configure the New Zealand Diminishing Value Depreciation Method

  1. Open the Depreciation Methods (FA202500) form.
  2. On the form toolbar, click Add New Record.
  3. In the Depreciation Method ID box, type the name of the new method.
  4. In the Calculation Method box, select New Zealand Diminishing Value.
  5. In the Description box, enter a description of the depreciation method that will help users to easily find this method in the list of available depreciation methods.
  6. In the Percent per Year box, specify the part of the asset's depreciation base (as a percent) that should be depreciated each year.
  7. On the form toolbar, click Save.

To Configure the New Zealand Straight-Line Evenly by Periods Depreciation Method

  1. Open the Depreciation Methods (FA202500) form.
  2. On the form toolbar, click Add New Record.
  3. In the Depreciation Method ID box, type the name of the new method.
  4. In the Calculation Method box, select New Zealand Straight-Line Evenly by Periods.
  5. In the Description box, enter a description of the depreciation method that will help users to easily find this method in the list of available depreciation methods.
  6. In the Percent per Year box, specify the part of the asset's depreciation base (as a percent) that should be depreciated each year.
  7. On the form toolbar, click Save.

To Configure the New Zealand Diminishing Value Evenly by Periods Depreciation Method

  1. Open the Depreciation Methods (FA202500) form.
  2. On the form toolbar, click Add New Record.
  3. In the Depreciation Method ID box, type the name of the new method.
  4. In the Calculation Method box, select New Zealand Diminishing Value Evenly by Periods.
  5. In the Description box, enter a description of the depreciation method that will help users to easily find this method in the list of available depreciation methods.
  6. In the Percent per Year box, specify the part of the asset's depreciation base (as a percent) that should be depreciated each year.
  7. On the form toolbar, click Save.