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Depreciate a Fixed Asset:
To record Fixed Asset Depreciation user will, Go to>Fixed Assets>>Journal entries>FA Journal

 Create a New Depreciation Journal and choose “Lines”

Select the Transaction type “Depreciation”, Choose a Fixed Asset account, Run Depreciation proposal. Fill in the Proposal criteria details i.e. Date periods etc.

Fill in the Amount details, Offset Accounts are automatically filled in. At the end Validate & Post the Journal