Placed-in-Service Date Field

Use this book information field in Asset Detail to enter the date you placed the asset in service. Enter the date in MM/DD/YYYY format. Select the down arrow to select the date from a calendar. For more information, see Entering Dates in Date Fields.

The system uses this field to determine when to begin depreciating an asset. This field is mandatory and extremely important for depreciation calculations. You must enter the Placed-in-Service date in order for the rest of the fields to become active.