Depreciation of Assets Features and Functions
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- Flexible asset depreciation calendars
- Depreciation may be calculated year-to-date or period-by-period
- User defined depreciation rates can be rules-based
- User-defined prorate conventions and retirement conventions
- Standard and user-defined depreciation calculations
- Straight-line, declining balance, sum of year's digits, units of production, and flat rate depreciation methods
- Asset information (such as department and type) presented for depreciation methods
- Automatically calculates changes in depreciation at period end
- Adds new depreciation methods
- Depreciation methods: straight line, declining balance, sum-of-the-years digits
- Depreciation methods
- User can convert an accelerated straight line depreciation method
- Generates depreciation projections
- Uses prorate conventions, including half year, actual months, months after, modified half year, and full year, for the first year of an asset's life
- Creates what-if scenarios to project depreciation
- Depreciation method change reports
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Fixed Assets Features and Functions
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