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Hello adeeb110-gmail-c!
We have references for setting up fixed assets and for tracking their depreciation. I'm glad to share them with you. However, you will have to record the depreciation manually via journal entry.
As for the calculation of the depreciation value, please refer to your accountant.
If you have other questions on the fixed asset topic, you can always go back to this thread.
Should you need to record the depreciation.automatically, explore LivePlan to integrate with your QBO.
http://track.paloalto.com/SHRP
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