Companies Act Depreciation Calculator from 2014 to 2074 and so on with all Future Year Depreciation

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.

Key Features

  • Fully automated depreciation calculation
  • Calculates depreciation under both methods, SLM and WDV
  • Calculates gain/(loss) on sale of fixed assets
  • Prepares Fixed Assets Schedule automatically
  • Option to calculate depreciation for Month, Quarter, Half-year, for full Year
  • Extract of Fixed Assets Register
  • Depreciation on Revaluation Gain/(loss) prospectively
  • Adjustment in Depreciation on account of receipt of Capital Subsidy in later years
  • Easy transition from SLM to WDV and vise versa with retrospectively
  • Get a view of Future Depreciation

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June 2021