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EAMbrace® Depreciation Solution


  • 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.

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    Benefits

    • Depreciation calculation as per New Companies Act, 2013
    • Depreciation as per Income Tax Act, 1961
    • Multi Shift Depreciation
    • IFRS Compliant, Support US Based MACRS Depreciation
    • Provision to create additional user defined depreciation books
    • Block-wise classification of Assets for income tax purpose
    • Provision to create your own reports via Report Builder
    • Compatible with any accounting software (e.g. Tally)
    • Integration with SAP/Oracle or any other legacy system possible