Comprehensive Fixed Asset Depreciation Software
With the exception of land, all fixed assets lose their capacity to yield service. Assets are of use to a company for only a limited number of years, and the cost of each asset is allocated as expense among the years in which it is used. Therefore, a method must be established to transfer the cost of an asset. This expiration of assets is called depreciation. Traker Systems’ asset depreciation software can help you manage and keep track of all depreciations.
Physical & Functional Asset Depreciation Software
There are two types of asset depreciation: Physical, which Includes wear and tear due to use and Functional, which includes obsolescence. You can also re-valuate assets.
To re-valuate an asset, select the lease data entry window from the accounting section of the outlook bar found on the fixed asset depreciation software. Then add a revaluation record in the same manner as other data entry records.