Track asset valuation changes. Calculate asset depreciation using Straight Line (SLM) or Declining Balance (DBM) methods.
Depreciation is the systematic reduction of the recorded cost of a fixed asset over its useful life. It is an accounting convention used to match the cost of a tangible asset with its revenue generation.
Distributes an equal amount of depreciation over each year of the asset’s lifetime.
Annual Dep. = (Asset Cost − Salvage Value) ÷ Period
Applies a constant percentage rate of depreciation to the asset’s book value at the beginning of each year.
Dep. Amount = Book Value × Depreciation Rate
Get the Easy Khata application on your phone or use it online for free automatic GST billing.
Easy Khata allows you to replace heavy spreadsheets and paper ledgers with a single secure mobile app and web panel. Safely calculate taxes, print thermal receipts, manage multi-warehouse inventory valuation, track employee attendance, and view real-time profit and loss metrics instantly.