In order to add depreciation to an Asset, you'll need to add the depreciation to the Product the Asset is used for. That way, it will appear for all Assets using that specific Product.

Let's add a depreciation to the Asset below, an iPhone 14 Pro Max with the Asset ID 100000. Start by clicking on the Product of the Asset.

Now, click on the Edit button.

Here you'll see a field to select the Depreciation for the Product. Select an existing Depreciation (or create a new one), scroll down, and click Save. In this example, we'll click on the New button and create a new Depreciation.

In this example, we'll call it iPhone 16 Pro Max Depreciation, set the duration of the depreciation to 24 months, set the minimum value of the asset to $300, and click Save. After this, scroll down the page and click Save.

We can now see that the depreciation has been added to the product!

Now, if you go back to the Asset page, the Depreciation is visible here as well! All the relevant calculations will be shown.

You can see all the Depreciation numbers for all your Assets using the Asset Depreciation tab in the Financial Report. This is found by clicking on Reports -> Financial Report in the top navigation bar.

Then click on the Asset Depreciation tab.

You'll then be able to see the current depreciation numbers for all applicable Assets.