QBO - Advanced accounting - add fixed asset...there is no option for Reducing Balance depreciation? Will QBO be adding this option soon?

Thanks for posting on the Community, @Arden7 

QuickBooks Online doesn't automatically depreciate fixed assets. Instead, after you set up your fixed assets, you can record their depreciation using a journal entry. The account to track depreciation uses the Account Type Other Expense and Detail Type Depreciation. 

For further information, see our guide on how to depreciate assets in QuickBooks Online.