{"id":13830,"date":"2024-03-09T09:10:12","date_gmt":"2024-03-09T03:40:12","guid":{"rendered":"https:\/\/moiboo.com\/support\/docs\/rogan-documentation\/tips-guide\/journal-12241\/recording-depriciation\/"},"modified":"2026-02-21T11:40:40","modified_gmt":"2026-02-21T06:10:40","slug":"recording-depriciation","status":"publish","type":"docs","link":"https:\/\/moiboo.com\/support\/docs\/rogan-documentation\/tips-guide\/journal-12241\/recording-depriciation\/","title":{"rendered":"Recording Depreciation"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Vehicle depreciation refers to the decrease in value that occurs over time as a vehicle is used. Factors such as mileage, wear and tear, market demand, and model-specific depreciation rates contribute to the reduction in value.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Let\u2019s see how depreciation is done in Moiboo.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Step 1 &gt; Under Accounting, click on Journal.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Step 2 &gt; Add a Journal<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"432\" src=\"https:\/\/moiboo.com\/support\/wp-content\/uploads\/2024\/03\/J1-1024x432.jpg\" alt=\"\" class=\"wp-image-13832\" style=\"width:789px;height:auto\" srcset=\"https:\/\/moiboo.com\/support\/wp-content\/uploads\/2024\/03\/J1-1024x432.jpg 1024w, https:\/\/moiboo.com\/support\/wp-content\/uploads\/2024\/03\/J1-300x127.jpg 300w, https:\/\/moiboo.com\/support\/wp-content\/uploads\/2024\/03\/J1-768x324.jpg 768w, https:\/\/moiboo.com\/support\/wp-content\/uploads\/2024\/03\/J1-1536x648.jpg 1536w, https:\/\/moiboo.com\/support\/wp-content\/uploads\/2024\/03\/J1.jpg 1916w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Step 3 &gt; Under notes you can add any description or remark.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Step 4 &gt; Choose the Date<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Step 5 &gt; Add in the Reference number if any.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Step 6 &gt; Choose your Fixed Asset.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Step 7 &gt; Enter the amount under Debit side.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Step 8 &gt; Choose the Depreciation ledger from the drop-down Menu.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Step 9 &gt; Enter the depreciation amount under Credit side.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Step 10 &gt; Click on Create.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" width=\"1024\" height=\"642\" src=\"https:\/\/moiboo.com\/support\/wp-content\/uploads\/2024\/03\/J2-1024x642.jpg\" alt=\"\" class=\"wp-image-13834\" style=\"width:770px;height:auto\" srcset=\"https:\/\/moiboo.com\/support\/wp-content\/uploads\/2024\/03\/J2-1024x642.jpg 1024w, https:\/\/moiboo.com\/support\/wp-content\/uploads\/2024\/03\/J2-300x188.jpg 300w, https:\/\/moiboo.com\/support\/wp-content\/uploads\/2024\/03\/J2-768x482.jpg 768w, https:\/\/moiboo.com\/support\/wp-content\/uploads\/2024\/03\/J2-1536x963.jpg 1536w, https:\/\/moiboo.com\/support\/wp-content\/uploads\/2024\/03\/J2.jpg 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Vehicle depreciation refers to the decrease in value that occurs over time as a vehicle is used. Factors such as mileage, wear and tear, market demand, and model-specific depreciation rates contribute to the reduction in value. Let\u2019s see how depreciation is done in Moiboo. Step 1 &gt; Under Accounting, click on Journal. Step 2 &gt; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":12241,"menu_order":55,"comment_status":"open","ping_status":"closed","template":"","doc_tag":[],"class_list":["post-13830","docs","type-docs","status-publish","hentry","no-post-thumbnail"],"acf":[],"_links":{"self":[{"href":"https:\/\/moiboo.com\/support\/wp-json\/wp\/v2\/docs\/13830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/moiboo.com\/support\/wp-json\/wp\/v2\/docs"}],"about":[{"href":"https:\/\/moiboo.com\/support\/wp-json\/wp\/v2\/types\/docs"}],"author":[{"embeddable":true,"href":"https:\/\/moiboo.com\/support\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/moiboo.com\/support\/wp-json\/wp\/v2\/comments?post=13830"}],"version-history":[{"count":2,"href":"https:\/\/moiboo.com\/support\/wp-json\/wp\/v2\/docs\/13830\/revisions"}],"predecessor-version":[{"id":13835,"href":"https:\/\/moiboo.com\/support\/wp-json\/wp\/v2\/docs\/13830\/revisions\/13835"}],"up":[{"embeddable":true,"href":"https:\/\/moiboo.com\/support\/wp-json\/wp\/v2\/docs\/12241"}],"wp:attachment":[{"href":"https:\/\/moiboo.com\/support\/wp-json\/wp\/v2\/media?parent=13830"}],"wp:term":[{"taxonomy":"doc_tag","embeddable":true,"href":"https:\/\/moiboo.com\/support\/wp-json\/wp\/v2\/doc_tag?post=13830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}