Depreciation now supports 8 methods
Straight-line, declining balance, double-declining, sum-of-years, units of production, MACRS and UK capital allowances — with separate book and tax views.
Asetavo’s finance engine now supports eight depreciation methods: straight-line, reducing balance, double-declining balance, sum-of-years’-digits, units of production, MACRS, UK capital allowances and no depreciation.
Assets can carry separate book and tax profiles. Monthly depreciation runs are computed as drafts first, so finance teams can review before posting, and only book runs change an asset’s net book value.
Asetavo helps organizations know what they own, where it is, who is responsible for it and what happens to it over its lifecycle. The platform combines an asset register, QR, barcode, RFID and NFC tagging, zones and movement alerts, check-in/out, maintenance, mobile audits and finance-grade depreciation in one system. Asetavo is built and operated by GeoMine Business Analytics LLC, headquartered in Sheridan, Wyoming, USA.