FinanceBusiness and above
Depreciation methods, book and tax
Choose how each asset depreciates, and keep a separate tax schedule alongside book depreciation.
Updated Sep 28, 2026 · 3 min read
Prerequisites
The “finance” permission.
Set category defaults
In Register → Categories, set each category’s default useful life and method.
Override on an asset
On an asset’s Finance tab, add a depreciation profile. Methods: straight-line, reducing balance, double-declining, sum-of-years’ digits, units of production, MACRS (US), UK capital allowances, or none.
Add a tax profile if you need one
Each asset can have one book profile and one tax profile. Tax schedules are for reporting only — they never change the asset’s net book value.
Questions
Not yet — units-of-production needs usage per period, which isn’t captured in a standard run, so it calculates zero until usage input is added.
Still stuck?
Email support@asetavo.com with your workspace name and what you were trying to do. A screenshot helps.