Features – Asset Depreciation

Software for Managing the Biomedical Assets

Asset Depreciation

Software for managing the biomedical assets

Make financially sound decisions
Software for managing the biomedical assets helps you to know when the cost of repair exceeds an asset’s current value or some referral value. It helps you to decide whether to sell or replace the asset to prevent unplanned downtime and better management of the balance sheet.

Make data-driven decisions
Combine financial data with historical maintenance data to weigh the pros and cons of repairing or selling an asset.

Quickly audit your assets
Filter assets by active/expired warranties, current value ranges, residual value ranges, useful life, and more.

The important factors when calculating depreciation.

Three main factors that help in calculating depreciation using the software for managing the biomedical assets are:

  • Salvage value: – At the point, when an association needs to expel an asset or needs to bring another asset, then they need to sell the asset at a low cost and it is known as salvage value. Be that as it may, the general depreciation is determined by deducting the salvage value, an incentive from the general worth.
  • Asset lifetime: – From an organization’s perspective, an expected timeframe for which the asset will be productive is known as the asset’s useful life. Depreciation is determined dependent on this current asset’s valuable life.
  • Depreciation methods: – As we know there are a few methods accessible to calculate the depreciation of the assets, yet most associations follow the straight-line method. The subsequent method is the double-declining balance method. It is otherwise called the accelerated method; it makes more depreciation on the early existence of the asset.