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Changing the Rate of
Depreciation for Chattels
Have the rates of depreciation changed for your chattels? This guide will walk
you through changing each chattel.
The Situation
Lets assume you have some depreciation items, one is for the building and that
rate hasn�t changed but many others have. The change comes into effect at the
Start of the 2006 financial year.
Start with a chattel that needs to be changed.
Now view the depreciation for that item. The book value is shown for each year.
In this case the chattel will be sold for $441.63 and bought again at the same
price.
Return to the Item Details and click on the �Sell� Button and enter in
The date of the sale (the last day of the previous financial year)
The Price it was sold for (the book value)
Click on Calculate Depreciation and Save. If you view the Item Schedule you will
see the additional years have been removed from the schedule.
Now return to the Depreciated Items list - the item will be marked as sold with
the sale price and date filled in.
Click on New Item and add in the chattel at it�s new rate of depreciation.
System Requirements
Windows 95, 98, NT, ME, 2000 or XP operating system or above, Mac users with a Windows
partition
PC with Pentium processor
Min 32MB of RAM
Min 20MB of available hard disk space
PC Property Manager has it�s own database, no need to purchase an additional database.
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