Perpetual Depreciation Calculator with Fixed Asset Register.
– Automated Fixed Schedule Preparation
– Depreciation for entire useful life of assets
– No need to copy paste data every year in different Excel files.
– Easy to under stand – Single Sheet for depreciation calculation.
As per Schedule II of the Companies Act, 2013, depreciation needs to be calculated based on useful life of assets as per either straight line method(SLM) or written down value(WDV) method. Further, in the notes to the accounts, it should include category wise opening balance, addition, deletion, depreciation for the year and closing balance. These all activities are cumbersome where numbers of fixed assets are high and movement is also frequent. Perpetual Depreciation Calculator is the tool which has been designed and developed to address all above issues and make dynamic dashboard for fixed assets and depreciation calculation.
This is perpetual depreciation calculator meaning thereby you can calculate depreciation for assets with any number of useful life, 10,20,50,60,80 years and so on.
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