How do I set a vehicle’s depreciation amount?

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  1. While adding a vehicle, fill in the Purchase Date, In Service Date(Refers to from when the vehicle will be on road), Purchase Amount, and the Depreciation Amount Percentage fields under the ownership tab.
  2. Once the details have been added and saved, the monthly depreciation amount and the current net value will be automatically calculated and seen on the vehicle summary section.

 

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