# Asset Depreciation Management

The Assets module tracks depreciation for accounting and financial reporting. Set depreciation periods when creating assets, and use the **Depreciation** section to view schedules and export reports.

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## 1. 📍 Access Depreciation

**Navigation:** **Assets** → **Depreciation** from the sidebar.

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## 2. ⚙️ Setting Depreciation on Assets

When creating or editing an asset, configure:

| Field                     | Description                                                              |
| ------------------------- | ------------------------------------------------------------------------ |
| **Depreciation (Months)** | Number of months over which the asset depreciates (e.g., 36 for 3 years) |
| **Unit Price**            | Purchase price per unit                                                  |
| **Purchase Date**         | Start date for depreciation calculation                                  |
| **Salvage Value**         | Optional — expected value at end of life                                 |

**Formula (straight-line):**

```
Monthly Depreciation = (Total Value - Salvage Value) / Depreciation Months
Depreciation to Date = Monthly Depreciation × Months Since Purchase
Residual/Book Value = Total Value - Depreciation to Date
```

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## 3. 📊 Depreciation Dashboard

The **Depreciation** page typically shows:

* **Original Value** — Total purchase value of assets
* **Total Depreciation** — Accumulated depreciation to date
* **Current Book Value** — Original minus depreciation
* **Depreciation Schedule** — Per-asset breakdown

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## 4. 📈 Depreciation Report

1. Go to **Assets** → **Reports**
2. Select **Depreciation Report**
3. Apply filters (group, location, status)
4. Choose format: **PDF**, **Excel**, or **CSV**
5. Click **Generate Report**

### Report Contents

* Asset code and name
* Purchase date
* Original value
* Depreciation period (months)
* Months used
* Depreciation value to date
* Residual value
* Depreciation percentage

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## 5. 📋 Depreciation Schedule Table

In **Assets** → **Depreciation** you may see a table with:

* Asset details
* Opening value
* Depreciation amount
* Closing value
* Period (e.g., monthly or yearly)

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## 💡 Best Practices

* ✅ **Set depreciation** when creating assets for accurate reporting
* ✅ **Use consistent periods** (e.g., 36 months for IT equipment)
* ✅ **Export reports** for accounting and tax filing
* ✅ **Review fully depreciated assets** for disposal decisions