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October 20, 2022 5:39 pm
Greetings. I am new to Acumatica (about 1.5 mo. and finishing up implementation now). I have a questions on Fixed Asset setup; under Fixed Asset Classes when you add a class it asked for a 'Useful Life, Years:' on the GENERAL tab, but it appears you can select different depreciation methods and life under the DEPRECIATION tab. If I am correct, what is the 'Useful Life' on the GENERAL tab for?
2 Replies
October 20, 2022 7:24 pm
Did you try the help?
General:
Depreciation Tab:
So the one on the General tab is the default for the Class. On Depreciation it's the actual value used for the Book, and defaults to the Class value.
October 22, 2022 11:17 am