Asset Depreciation
Track how your assets lose value over time with built-in depreciation calculations.
Depreciation Settings
For each asset, specify:
- Purchase Price: Original cost
- Purchase Date: When acquired
- Useful Life: Expected lifespan in years
- Salvage Value: Estimated end-of-life value
Calculation Method
TrackMyAssets uses the straight-line depreciation method:
Annual Depreciation = (Purchase Price - Salvage Value) / Useful Life Years
Depreciation Report
View your depreciation report to see:
- Current book value of all assets
- Total depreciation by category
- Projected future values
- 12-month depreciation trend
Tax & Accounting
Export depreciation data for tax purposes or accounting software integration.