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Working with the asset register

Assets register is where all your assets are listed for a client. You can choose what columns are displayed asset register, calculation methods, etc. Changes you make to the asset register settings impact the depreciation calculation and entries generated for the current year. These changes flow through to later years.

You can go back to the previous years to make add or edit assets in that financial year. MYOB Practice will calculate the correct opening written down value for the subsequent years.

You can post the depreciation calculation entries as either Taxation or Accounting journals.

To choose which columns to display


Right-click the header row and select the columns you want to display.

Choose from:

  • Start date

  • Cost

  • O.W.D.V: opening written down value

  • Method & Rate

  • Dep expense: depreciation expense

  • C.W.D.V: closing written down value

  • Acquisition date

  • Disposal date

  • Location

  • Accumulated dep: accumulated depreciation

  • Value for dep: value for depreciation

  • Private use

  • Private use amount

  • Termination value

  • (AU) Assessable/Deductible

  • (NZ) Profit/Loss

  • Capital gain tax

  • (NZ) Number of months

To search for an asset code or name