Module 2 · Lesson 2Create an asset — the full form

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NetAsset Sample Co.⚙

Home \ Assets \ Asset Details

Create New Asset

Primary Information

Name

You must enter a Name.

Type

Notes

Depreciation Method

Asset ID

Leave blank and the system generates one on save.

Schedule Information

StatusPending

Gross Asset Value

Residual Value Estimate

Acquisition Date

Accumulated Depreciation

Residual Value Percentage

In-Service Date

End of Life Date

The End of Life Date must occur at least one period after the In-Service Date.

Useful Life at In-Service

Useful Life at In-Service must be a number greater than 0.

In months. 60 = five years.

Location Information

Book Tax Schedule Transactions Accounting Documents Revaluations Disposals Splits Audit Trail

🔍 The depreciation schedule is generated when the asset is capitalized.

Alternate Schedule 1

Type

Depreciation Method

In-Service Date

Gross Asset Value

Residual Value Estimate

Useful Life at In-Service

Alternate (tax) schedules are covered in a later module. Leave this tab alone when you are creating a book asset.

🔍 This Asset does not have any Transactions.

Segments

Physical Asset Details

Quantity

Asset Tag ID

Last Physical Inventory

Accumulated Impairment

Mid-Life Accumulated Depreciation

Cutover Convention

Cutover Date

Cutover Amount (Primary)

Cutover Amount (Alternate 1)

Reserve

🔍No documents.

🔍No revaluations.

🔍No disposals.

🔍No splits.

🔍No audit history yet.