Depreciation Solution by EAMbrace® covers all statutory aspects of depreciation calculation in finer details. Depreciation calculation as per New Companies act, 2013,
as per Income Tax 1961 along with depreciation methods like SLM, WDV are covered in complete details. Apart from statutory depreciation books, organization can create
additional user defined books for depreciation as per parent company requirements if required. Multi-shift depreciation is also handled accurately in
depreciation solution of EAMbrace®
EAMbrace® - Depreciation Solution is also capable of supporting all the conventions applied by US depreciation for tax book calculations.
It supports MACRS, ACRS, ADS, ACE & AMT. It also supports partial month, mid-month, whole of month, mid quarter, half year and any other way of depreciation
calculations. With Depreciation solution of EAMbrace® organization can also calculate projected depreciation for assets.