Depreciation is an allocation of the cost of tangible property over its estimated useful life in a systematic and rational manner. This table may contain all the depreciation types. Examples of depreciation would be Straight Line or MCRS. This table is available if system setup to use Depreciation (See System Setup in chapter 2 for more information).
Life (Months)
This is the life of depreciation. The life must be entered in months.
Depreciation Method
The Depreciation method should describe the method of depreciation. Depreciation Methods are usually the Straight Line or Double Declining balance method. The straight line depreciation method is the simplest and most commonly method used for depreciation.
Rental Tracker currently has no logic to calculate the depreciation. This is schedule for a future release.