How do you set up an Additional Cost with different depreciation to the original asset.
Firstly consider, should this be set up as an Additional Cost?
Additional Costs make sense where the cost is closely associated with the overarching asset and the depreciation terms (eg End of Life) are identical
Components make sense where the cost has differing terms (eg a different End of Life or a First Use that doesn't align with the Purchase)
When an additional cost is added as a component, the Purchase Date can differ from the First Use date so you can record the purchase in one financial year for example, start depreciating in the next.
To add a component (parent/child) in AssetAccountant™, follow these steps:
- From the View Assets page, select the asset you would like to add a component to (parent asset).
- Select 'Actions'.
- Select 'Add Component'.
- Type in the Name, Asset Code, or Description of the asset you would like to add as a child asset.
- Find the component (child) asset in the list and select '+Add' on the right-hand side of the screen.
For details on how to add a component parent/child go to: