You can create an unlimited number of depreciation profiles. You also can create various depreciation profiles with the same depreciation method for different calculations. For example, you can create several profiles for reducing balance, such as 10 percent, 15 percent, and 30 percent, and you can create several manual methods and several consumption methods.

The purpose of any depreciation profile is to allocate – or accrue – the depreciable value of a fixed asset into multiple accounting periods.

Create a depreciation profile

  1. Click > > > .

  2. Click CTRL-N to create a depreciation profile and enter a unique identifier in the field and selecting a depreciation method in the field.

  3. Enter information in other fields, as required. The following depreciation methods can be used:

See Also