Depreciation is a way to represent the devaluation of an asset over time.
The Accounts
The Transactions
Receive Inventory
Payment of the new Inventory
Depreciate inventory over time
Note: record 200 Inventory Depreciation 24x to depreciate the inventory 200 per month for the coming 24 months.
Tip: prepare depreciation on a Google Sheet and record the results via the Add-on for bkper.