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When you add an asset that is not newly purchased, you can use Onvio Fixed Assets to calculate the prior depreciation. The amount will display in the Prior Depreciation field, which is located in the Depreciation tab.

Follow these steps if you want to compare the application-calculated prior depreciation amounts with the amounts you entered in the asset's Prior Depreciation fields. After you compare, you can specify which amount the application will use for each treatment.

First, open an asset in Onvio Fixed Assets.

There are two ways to open the Prior Depreciation Comparison panel.

Click the Actions button then click Prior Depreciation Comparison.

or

Click in the Prior Depreciation field to reveal a calculator icon. Click this icon to open the Prior Depreciation Comparison.

In the Prior Depreciation Comparison panel, you can change the asset’s business use percentages, or click the tab for the desired treatment and compare the amounts displayed in the Amount on file and the Computed amount fields.

Indicate which amounts you want to use by performing one of the following tasks.

• To use the manually entered or proforma'd amounts: Click Cancel.
• To use the application-calculated amount: Click a treatment tab and then click the This Treatment: Use Computed Amount button.
• To use the application-calculated amount for all treatments: Click the All Treatments: Use Computed Amount button.