If you are looking for an affordable fixed asset depreciation program that calculates depreciation using both tax and GAAP (financial statement) depreciation methods and produces easy to read depreciation schedules, then our Depreciation Calculator software is an excellent choice.
Our software was designed and written with the focus on user-friendliness, functionality, and value. This is the only software we sell; therefore, it is our main focus. Our long-term goal is to keep Depreciation Calculator up-to-date with the latest tax law changes that affect the calculation of depreciation, and to add the features that our customers most often request.
Update: Depreciation Calculator has been updated to include the tax provisions included in the 2014 Tax Increase Prevention Act of 2014 (HR 5771) that affect fixed assets acquired January 1, 2014 to December 31, 2014.
Our depreciation software supports the following Federal and State tax depreciation methods: ACRS, MACRS, and corporate ACE (Adjusted Current Earnings). Depreciation calculations are made for both regular tax and alternative minimum tax (AMT) purposes.
The following depreciation methods are supported for GAAP (financial statement) depreciation purposes: straight-line and declining balance (125%, 150%, 175%, and 200%).
Our depreciation schedule reports are prepared on the basis of federal tax, state tax, and book (GAAP/financial statement) purposes for both regular tax and alternative minimum tax (AMT). Federal Form 4562 is also prepared.