How to calculate depreciation in eQuip.

The Calculation Of Depreciation In eQuip 

• Enter your Username 
• Enter Your Password 
• Choose Login   

• Go to ADMIN>Manage Categories>Asset Categories 
  

• Enter a Depreciation Period for the Asset Categories that you want to calculate Depreciation for and then choose Save 

• • The Depreciation Period is measured in years 

• • If you are using sub-categories be sure to check the Update all sub-categories box above the Save Category icon (if the depreciation period is the same for all) 
    

• For each asset that you would like to track depreciation for make sure that you enter the following values 

• • Enter a value for Purchase Price (price before tax) 
  • Choose the Purchase Date using the calendar control 

• • • This is the standard date from which the Depreciation will be calculated 

• • Enter a value for Tax 
  • Enter a value for Shipping (if appropriate) 
  • Enter a value for Improvement (if appropriate) 
    

• Saving these values causes the Base Cost For Depreciation to be calculated 
  

• The Accumulated Depreciation is calculated based on the Base Cost For Depreciation, Purchase Date, and the Depreciation Period for the Asset.  

• Once calculated, it will be subtracted from the Base Cost For Depreciation to arrive at the Net Book Value for the asset 
  

• The table on the far right of the Depreciation tab screen shows the details of the monthly calculation of depreciation from the date the asset was purchased to the present including the following values 

• • AssetID 
  • DepreciationRate 

• • YearAndMonth 
  • AccumulatedDepreciation 
  • NetbookValue 
    

• The table at the bottom of the Depreciation tab screen shows the depreciation calculated for each year/month since that asset was purchased (scroll left to right)