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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.