Sometimes, you may wonder why AssetAccountant makes it mandatory to specify both Depreciation Rate AND Effective Life when importing assets into the system.
Isn't one derived directly from the other?
Chances are, you may be using our "Rest of World" register settings selection.
Because not all jurisdictions have a linear relationship between an asset's effective life and depreciation rate (New Zealand is one), it's not always the case that rate can be determined from life.
So AssetAccountant will enforce you to confirm this in your import data.
You can easily generate this as a calculated field in Excel by doing 100%/Life, for example.