Calculate and record depreciation expense

Trigger: A scheduled financial period-end close initiates the depreciation calculation cycle.

1. Extract active fixed asset registers
2. Determine useful life and depreciation method per asset
3. Calculate periodic depreciation expense
4. Generate and review depreciation schedules
5. Post depreciation journal entries to the general ledger
6. Update accumulated depreciation in the fixed asset subledger

Outcome: Depreciation expenses are posted to the general ledger and the net book value of fixed assets is updated in the subledger.