Depreciation

By default, depreciation is disabled, admin can enable it from general settings from side panel under settings. In application there two methods, namely Straight Line and Diminishing Balance. In this application depreciation works on 3 factors like life cycle date, cost, and residual cost of the assets.

To enable depreciation, in general settings select the depreciation method then select the yearly or monthly as per your requirement and finally click on save button.

To view the depreciation value of the assets, click on Asset depreciation from Side panel, depreciation report page will open, click on value under current depreciation value to view depreciation details of the asset. You can take the print out of the depreciation details of the asset by clicking on print button.