
Developers of the
Depreciation Calculator
Program
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.
"Simple and easy to use" - that's how our users have typically described Depreciation
Calculator. Our software was designed and written by a CPA 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.
Depreciation Calculator has been updated to
comply with the new 2008 Economic Stimulus Tax Act which includes the new
luxury auto limits, higher Section 179 small business deduction amounts, and 50%
first-year bonus depreciation for assets acquired on or after 1/1/2008.
Our
depreciation software supports the following 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. Samples of the reports
generated can be viewed on the reports page of our
website.
Visit the
other pages of our website to learn more about our fixed asset depreciation
program and its features. A
free demo of our fixed asset depreciation software is available
for downloading.