Use the final ending book value
The final ending book value is frequently used to represent a fully depreciated asset that is still active. When you use a salvage value, a reduction in depreciation over the life of the asset is allowed. However, some local laws allow only the reduction of the last depreciation amount.
You can reduce the last depreciation amount by inserting an ending book value on the fixed asset card. When you use this feature on most of the fixed assets, you can set up a default ending book value in the relevant depreciation book.
In the Ending Book Value field on the FA Depreciation Books FastTab, you can specify the book value that you want a fixed asset to have in the current depreciation book after it has been fully depreciated. You can accomplish this task by filling in the Default Ending Book Value field on the related depreciation book page, which will then be used to automatically fill in the field.
If the last depreciation run means that the Book Value field on the Fixed Asset Card page will be zero, the last depreciation amount will be reduced automatically by the Ending Book Value field amount.