Productivity
Build a fixed asset register
Every asset, its class, its life, and the depreciation schedule.
Fill it in
Invoices or a purchase list.
How to depreciate.
Gain or loss on anything sold.
Your prompt
Build the register from , depreciating By asset class. Split the capital from the expense first. A repair is not an asset, a bundle invoice often contains both, and getting this wrong distorts every year after it. Useful life comes from how long the thing will actually be used here, not from a tax table. A laptop is three years because that is when it gets replaced. Pro-rate the first year from the in-service date, not the invoice date. Equipment sitting in a crate is not depreciating. Handle disposals: remove the cost and accumulated depreciation, and post the gain or loss. Deliver an .xlsx with formulas, so a changed life redraws the schedule.
Continue and pick your folderOpens with everything above already filled in.
Why this works
A repair is not an asset, a bundle invoice often contains both, and getting that split wrong distorts every year afterwards. This also pro-rates from the in-service date rather than the invoice date, since equipment in a crate is not depreciating.