Depre123 is a cloud based application to manage fixed assets and generate a variety of depreciation reports on any desktop or mobile device. Get all of your depreciation answers based on just 3 key values (cost, date, asset class) and then utilize the open design to add all necessary fixed asset detail.
Depre123 utilizes asset classes to ensure consistency in your depreciation for all assets of the same type. Below is a sample asset listing for some common types of fixed assets, such as Furniture, Computer Equipment and Automobiles:
There are over 150 pre-defined asset classes include d in Depre123 based on IRS Publication 946. Each asset can be associated with one of these classes or you can also create user-defined asset classes based on your unique requirements. Here is a sample asset class:
For each asset class there is a defined bonus code, property type, class life years and associated general ledger code. For each schedule you can select the appropriate depreciation method, first year convention and recovery periods. This combination of pre-defined and user defined asset classes provides flexibility in defining each class of asset while ensuring consistency for all associated fixed asset records.
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More information about Bassets eDepreciation software can be found at Bassets.net or depre123.com. At Bassets register for our live webinar, download a free evaluation copy and get a personalized pricing estimate. At depre123 try out our Free Depreciation Calculator and check out our cloud based fixed assets application.