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To get the depreciation cost of each hour, we divide the book value over the units of production expected from the asset. As stated earlier, carrying value is the net of the asset account and the accumulated depreciation. The salvage value is the carrying value that remains on the balance sheet after which all depreciation is accounted for until the asset is disposed of or sold. The next step is to multiply the annual depreciation expense by the number of years that have passed since the purchase. You can view a graph of the current asset value through the reports tab on the selected asset. The graph shows you the depreciation schedule as well as the current value of the asset at any given time in its specified life cycle duration.<\/p>\n