A depreciation year is an accounting cycle that is divided into periods and used to expense asset cost over the useful life of the asset.
1. In Configuration, Depreciation Years, click Add New Depreciation Year (**Make sure you select either Past or Future, in the drop-down, depending upon what year you are setting up**) 2. Enter the Depreciation year ID and Description 3. Enter the appropriate periods, or click Copy From to copy the same periods from a previous year 4. Click Save and Close