The cost center you specify is included in the depreciation entries. This allows you, for example, to attribute depreciation costs to different departments in your company.

You are required to assign the fixed asset to a group. The fixed asset group defines the ledger accounts to which the different costs are to be posted.

For informational purposes, you can specify the supplier of the fixed asset.

Select this check box if you want to remove the fixed asset from the main form. This ensures that only current fixed assets appear in your overviews.

The selected depreciation method determines how the depreciation is posted. Based on the depreciation type, choose either straight-line depreciation or declining balance depreciation, and also choose the method of calculating the depreciation: automatic calculation of the depreciation period based on the depreciation percentage entered, or the other way around.

This is the date on which the fixed asset was purchased. The depreciation will start from the commissioning date, which is the date on which the fixed asset is actually put into service.

The depreciation defined for the fixed asset will start from the first fiscal period following the commissioning date.

This is the date on which the fixed asset is removed from service.

If the fixed asset is sold after expiry of the depreciation period, enter the sales date here.

The acquisition cost of a fixed asset is the purchase price plus any additional costs. Examples include transport costs and installation costs. The amount to be depreciated is the acquisition cost minus the residual value (if any). Define the acquisition cost using the 'Determine fixed asset values' wizard.

You may want to sell the fixed asset once the depreciation period has expired. The amount you expect to sell the fixed asset for at that time is its residual value. The amount to be depreciated is the acquisition cost minus the residual value (if any).

Enter the value the fixed asset is expected to fetch if you were to sell it now.