How do I create a new fixed asset account with an account type: Fixed Asset, detail type: Machinery & Equipment, name: Equipment and track deprecciation of this asset in QuickBooks? When I go to the Chart of Accounts to create a new account, I get the attached photo. There's no where to check the "track depreciation" check box

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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How do I create a new fixed asset account with an account type: Fixed Asset, detail type: Machinery & Equipment, name: Equipment and track deprecciation of this asset in QuickBooks? When I go to the Chart of Accounts to create a new account, I get the attached photo. There's no where to check the "track depreciation" check box. 

New account
KO
Income Expenses Banks
Save account under *
Q Select...
Tax form section *
Select...
Account name *
E
Description
50
60
Assets
W
Credit
cards
»
Cancel
Po
Liabilities
X
Equity
Save
Transcribed Image Text:New account KO Income Expenses Banks Save account under * Q Select... Tax form section * Select... Account name * E Description 50 60 Assets W Credit cards » Cancel Po Liabilities X Equity Save
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