Select the department from the drop-down list, that you want the depreciation transactions to be assigned to.

Enter here the annual percentage rate of depreciation. If you are calculating the depreciation using the straight line method. the value you enter here will be divided by twelve to calculate the monthly depreciation. For example, if you want to depreciate an asset completely over four years using the straight line method, then you would enter 25 (%) here. In this case, each month, the asset is depreciated by 2.0833% until after four years the book value is zero. For an item costing ú10,000 this means that a depreciation of ú208.33 would be posted for 48 months.
You can enter a non-depreciating fixed asset, for example property, by entering a zero depreciation rate here.

Enter here the nominal ledger balance sheet account code that you want to use to store the depreciation postings. Every time an asset is depreciated, the amount of depreciation is posted to this account as a credit posting. Four depreciation accounts have already been set up for you in the balance sheet section of the nominal ledger, e.g. 0051 Motor Vehicles Depreciation.

Enter here the net price you paid for the asset. If you have selected to depreciate this asset by the straight-line method then it is this value that is used to calculate the depreciation amount.

Enter here the nominal ledger account code that you want to appear in your profit and loss report to show the cost of depreciation. Every time an asset is depreciated the value of that depreciation is added to this account code as an expense to the company (debit posting). Four depreciation accounts have already been set up for you in the profit & loss section of the nominal ledger, e.g. 8003 Vehicle Depreciation.

Enter here the current book value. If the asset is brand new, then this should be the same as the Cost Price. If the asset has already depreciated then change this to show the current value, i.e. cost price less depreciation.
If you have selected to depreciate this asset by the reducing balance method then it is this value that is used to calculate the depreciation amount.
Sage Line 50 automatically reduces this value by the depreciation amount during the month end procedure.
Once a depreciation posting has been made by the Month End routine for this asset, you will not be able to change the Cost Price or the Book Value.

Select the depreciation method that you want to apply from this drop-down list box. Once you have posted the first monthÆs depreciation you cannot change this depreciation method to anything other than Write Off.

This box shows the value of next monthÆs depreciation.

The date of the last depreciation transaction.

The total amount of depreciation posted by Sage Line 50 so far (for this asset).