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You can add different types of assets depending on the type of depreciation calculation.

If you are calculating depreciation for...Asset types
Accounting & Taxation
Taxation only
Accounting only
  • General asset
  • Immediate deduction asset
To add an asset
  1. Click Add asset in the top-right corner.
  2. Enter the details.
  3. Add a Prefix and Number to give your asset a code. The next time you add an asset to the same asset class, the code will be auto-generated (you're welcome!).
  4. Click + Add more details to see other optional fields (location, serial number, insurer, premium due date, premium amount, and insured value).
  5. Click Add asset.

See the glossary of terms for an asset.