Set up Fixed Assets
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      3. Set up Fixed Assets

      About depreciation methods 

      Overview:  

      • Learn how to understand the depreciation methods that you can apply for your fixed assets.  

      Why set up depreciation method? 

      Setting a depreciation method ensures assets are valued correctly and costs are spread over time. This keeps expenses aligned with revenue and maintains clear financial records. 

      What are the depreciation methods? 

      There are eight different standard methods of depreciation for fixed assets in Wiise. Here’s a summary of them: 

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      Note: Set up Depreciation Book Card so you can set up the depreciation method for your fixed asset. 

       

      What’s next? 

      Find out how to set up depreciation book card. 

      If you have any questions, please reach out to support@wiise.com