Why buy asset keeper pro?

If your needs include financial reporting or internal accounting, Asset Keeper Pro includes a sophisticated calculation engine for monthly or period (13 fiscal periods) depreciation and projected depreciation. Why Should I Buy It? Testimonial: “I am so impressed with your true desire to meet the needs of your users.

How to calculate the depreciation of an asset?

Browse hundreds of guides and resources., the remaining life of an asset is divided by the sum of the years and then multiplied by the depreciating base to determine the depreciation expense. The depreciation formula for the sum-of-the-years-digits method: Depreciation Expense = (Remaining life / Sum of the years digits) x (Cost – Salvage value)

What are the different depreciation methods?

The four main depreciation methods mentioned above are explained in detail below. 1. Straight-Line Depreciation Method Straight Line Depreciation Straight line depreciation is the most commonly used and easiest method for allocating depreciation of an asset.

What is depreciation in business?

In other words, it is the reduction in the value of an asset that occurs over time due to usage, wear and tear, or obsolescence. The four main depreciation methods mentioned above are explained in detail below. 1. Straight-Line Depreciation Method