eDepreciation by Bassets is an on-premise fixed asset depreciation solution designed for midsize and large businesses. It caters to multiple market segments, such as banking and mortgage, distribution, health care, insurance, pharmaceuticals, retail, manufacturing, IT and transportation.
eDepreciation supports different methods of depreciation calculation, such as MARCS, Alternative MARCS, Declining Balance Depreciation and Straight Line Depreciation. The product also assists in fixed asset calculation using different considerations, such as MACRS - 40% Rule Violation, Section 179 Deduction, Adjustment to Basis and Luxury Auto and Truck Limitations.
eDepreciation features data import, which allows users to import data from multiple file formats, such as Excel, fixed length and comma delimited ASCII files, and use it to calculate asset depreciation. Users can create a new record, or append data to an existing one.
eDepreciation allows users to create reports and export them in multiple formats, such as Crystal Reports, Adobe PDF, Excel, Word and RTF.