Some Key Features of Depreciation cum Asset Management Utility in Excel Format are as follows:-
- Line wise SLM and WDV Depreciation, as per Companies Act 2013,
- Calculation of Depreciation under the Income Tax Act,
- Ready made Schedules for Balance Sheet and P&L,
- Calculates Depreciation for any number of Years in the future.
- Conversion from Old Companies Act 1956 and charge to Retained Earnings.
- Calculation of Extra shift charge of Depreciation,
- Users can customize the Useful life, and can change it to their best estimates,
- Users can customize the Residual value too,
- Profit/loss and Capital gain on sale of Assets is automatically calculated.
Submitted by – CA Sahaj Agrawal