{"type":"video","version":"1.0","html":"<iframe src=\"https://www.loom.com/embed/790efb8fde6b4af28b74cbd512eb25d3\" frameborder=\"0\" width=\"1920\" height=\"1440\" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>","height":1440,"width":1920,"provider_name":"Loom","provider_url":"https://www.loom.com","thumbnail_height":1440,"thumbnail_width":1920,"thumbnail_url":"https://cdn.loom.com/sessions/thumbnails/790efb8fde6b4af28b74cbd512eb25d3-21d3395694e29ff8.gif","duration":263.446,"title":"How to Set Up Assets for Depreciation in EM Asset Setup","description":"In this video, I walk you through the EM Asset Setup form, which is essential for setting up assets that you want to depreciate. I cover key fields such as asset ID, purchase price, residual value, and the depreciation method, highlighting the difference between straight line and declining balance methods. I also explain how to calculate the depreciation schedule and the importance of entering the correct details to ensure accurate financial reporting. Please make sure to recalculate the schedule after any changes and remember that if an asset is set up after its purchase date, the next depreciation run will catch up on missed months. If you have any questions or need further clarification, feel free to reach out!"}