Depreciation calculation methods

Alerts and notices

When you add a new asset in the asset module, you can define and use custom methods of depreciation or choose from the standard methods that are described below.

Custom methods

The application allows you to define and use up to 99 custom methods for calculating depreciation, and it allows for a fixed percentage in any year of an asset's life.

Standard methods

You can choose any of the following standard methods of calculating depreciation. The application handles the calculations automatically as you record the information for each asset.