Depreciation Prerequisites
To enable depreciation calculations, ensure the following fields are configured in the desired collection:
Field Name
Field Type
Description
Depreciation Type
Single select dropdown list
The depreciation type of the asset.
Asset Cost
Currency or Numeric
The price you paid for the asset.
Date Placed in Service
Date and Time
The date the asset began its use.
Salvage Value
Currency or Numeric
The value of the asset at its end of life.
Useful Life (Months)
Numeric (0 decimals)
The number of months until the asset reaches its end of life.
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