SunSystem 5.4.1/Fixed Asset
Neeka Limited
VI. Recording the Initial (Gross) Value
After you have keyed in data about a fixed asset in Fixed Asset Record Register Form (FAS), you will need to update its initial value by entering the proper ledger entry. For example, we will create a record for a Toyota Camry Car with the following details in FAS: + Asset Code: HO-CAR40 + Start Period for depreciation: 02/09 + Depreciation Method: Straight Line + Annual Deprecation Rate: 6% + Final Value (scrap value): 1000 USD 1. The FAS screen should appear as follow.
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