Every Asset needs to be depreciated. In order to do that, proper Depreciation % has to be assigned to Asset. Therefore, it's recommended to create Depreciation Master for each category who has different depreciating rates.
It has to be created initially during setup only.
In Order to create a Depreciation Master -> Go to Menu -> Asset Management Module -> Depreciation Master Sub Module -> Create New
Note:
1. It's recommended to create "Asset Type" or "Depreciation Master" same as "Asset Category"
2. Do not change any "Asset Type" once created and linked to Asset as it might mismatch and depreciation might go wrong.
3. In Asset Master -> Asset Category & Asset Type should be same.
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