Is there a way to depriciate an Asset without using the Fixed Asset management bundle. I have a Item in warehouse which I want to show in Fixed Asset Account.

Well if it's just 1 asset, have you considered doing a Journal entry each month and avoid having to write a script? You can create a memorial transaction (like a macro) and run it monthly. And if you need to do this to several assets in future, you may just want to consider FAM bundle - customization/ scripts break over time - especially with the updates that NS continually makes.

@Kman Thanks !! Currently we are doing a inventory adjustment to remove the amount from Inventory and moving it to the Fixed Asset account. How can we do that using a script? Can we edit the GL Impact using Script 🤔 ! And how do we handle the depriciation of the item?