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Assets, recognition and inventory

Review the asset schedule preview before registration

Check the first period, total depreciation and monthly period count.

Updated 2026-11-11

Schedule preview summarizes the proposed method, first period amount, total planned depreciation and number of monthly periods. It is the final opportunity to compare the combined effect of the asset inputs before the register entry is saved.

Review the source cost and currency first. Then check residual value, in-service date, useful life, method and first-and-last-month convention. If the preview is unexpected, correct the underlying input instead of assuming the schedule will adjust itself after registration.

A preview is planned activity. It does not mean that any depreciation journal has been posted. Registration itself records a schedule without posting another purchase, and later monthly preparation submits a separate source-linked journal for review.

Once the preview matches the approved treatment, register the asset and inspect its retained monthly rows. Use the Period, Planned, Method and Journal columns to distinguish the original plan from actual accounting activity. Keep that distinction when explaining the register's posted-depreciation and net-book-value figures.

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