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.
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