Depreciation and Its Cost Allocation

  • Automatically generate depreciation for assets with non-zero book value, taking salvage value in consideration for calculating depreciation.
  • Depreciation entries can be assigned to many cost centers to according to the user’s which.
  • Move the asset from one position to other within the entity, and change the cost center in which depreciation expense should be assigned to accordingly.
  • Automatically generate the needed accounting entries when an asset is sold, and posts the result of sales into the assigned non-operational income account.
  • Wide range of reports to allocate assets, possessions, and investments. See how an asset has been utilized, change location, and how it is being accounted for.