calculate depreciation on fixed assets?

calculate depreciation on fixed assets? – Free Online Small Business Accounting Software Questions & Answers

Are there conditions to be met before applying certain values?

1 answer

Peter Connor Staff April 16, 2014

Hi Darren,
Bullet automatically calculates depreciation on our fixed assets section, or can be added with journal entries.
What conditions are you exactly talking about?

  1. Thanks - I see you use 3 years for Computer Equipment and 5 years for Office Equipment. How do you decide these values?
  2. Peter Connor April 16, 2014
    Hi Darren,

    They're just generally accepted values, there is no hard and fast rule.


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