Summary
The Fixed Asset Setup page contains default settings like the number series for fixed assets and the default depreciation book. For each fixed asset, you need to set up a card that contains information about the asset.
The Default Depr. Book field contains the default depreciation book. You can enter one of the depreciation book codes in this field. This book is automatically suggested on journal lines. You can calculate periodic depreciation and post the journal entries with the resulting entries to record depreciation on fixed assets.
To keep track of fixed asset depreciations and other financial transactions that are related to fixed assets, you can set up one or more depreciation books for each fixed asset in your company. On the Fixed Asset Setup page, select the Numbering FastTab to assign number series for fixed assets and insurances. These numbers are incremented each time you enter an asset so that each asset is assigned a unique number in Business Central.