TRAXX

Depreciation Engine

The most comprehensive depreciation engine in any procurement platform. IASB/IFRS compliant with straight-line, declining balance, and custom methods. Schedule II asset classes, IT Act depreciation blocks, automated runs with locking, and granular configuration.

Request Demo View Pricing

Multiple Depreciation Methods

Choose the right depreciation method for each asset class. Configure globally or override at the category level for precise financial control.

Straight-Line Method
Equal depreciation over useful life. The most common method for fixed assets with predictable wear.
Declining Balance
Accelerated depreciation — higher charges in early years. Ideal for technology assets that lose value quickly.
Custom Methods
Define your own depreciation formula. Support for units-of-production, sum-of-years, and organization-specific methods.

IASB/IFRS Compliance

Built from the ground up to meet International Accounting Standards Board (IASB) and International Financial Reporting Standards (IFRS) requirements. Every calculation, schedule, and report aligns with global accounting standards.

IAS 16 Property, Plant & Equipment
Full compliance with IAS 16 for recognition, measurement, depreciation, and derecognition of tangible assets.
IAS 38 Intangible Assets
Amortization of intangible assets with finite useful lives per IAS 38 requirements.
Impairment Testing Support
Track carrying amounts against recoverable amounts. Flag assets that may require impairment write-downs under IAS 36.
Disclosure-Ready Reports
Generate depreciation schedules formatted for financial statement disclosures and audit working papers.

Schedule II & IT Act Blocks

Pre-configured with Indian Companies Act Schedule II asset classes and Income Tax Act depreciation blocks. No manual setup needed — select the asset class and the rates apply automatically.

Schedule II Asset Classes
Pre-loaded useful life tables from Companies Act 2013 Schedule II — buildings, plant, furniture, vehicles, and more.
IT Act Depreciation Blocks
Income Tax Act block-based depreciation with prescribed rates (15%, 30%, 40%) applied automatically by asset category.
Dual Depreciation Books
Run Companies Act depreciation and IT Act depreciation in parallel. Compare book value vs. tax value at any time.
Rate Overrides & Exceptions
Override standard rates for specific assets or categories when special circumstances apply. Full audit trail on changes.

Automated Depreciation Runs

Schedule and execute depreciation runs with one click. Monthly, quarterly, or annual cycles with period locking to prevent retroactive changes. Batch processing handles millions of assets efficiently.

Scheduled Depreciation Runs
Configure monthly, quarterly, or annual depreciation cycles. Run manually or on auto-schedule.
Period Locking
Lock completed periods to prevent retroactive changes. Ensures financial integrity and auditor confidence.
Batch Processing at Scale
Process depreciation for hundreds of thousands of assets in a single run. Progress tracking and error reporting included.
Run History & Reversal
Complete history of every depreciation run with the ability to reverse a run before period lock if corrections are needed.

Configuration & Salvage Value

Configure depreciation at the global, category, or individual asset level. Define salvage values, useful life, and method per category — or override for specific assets that need special treatment.

Global Default Configuration
Set organization-wide defaults for depreciation method, useful life assumptions, and salvage value percentages.
Category-Level Overrides
Override global settings per asset category — IT equipment, vehicles, buildings each with their own rules.
Salvage Value Calculations
Configure salvage value as a fixed amount or percentage of original cost. Automatically stop depreciation at salvage value.
Mid-Period Acquisition Rules
Configure how mid-period acquisitions are handled — full month, half-year convention, or pro-rata from date of use.

Depreciation Reports

Comprehensive reporting suite for finance teams, auditors, and management. From detailed asset-level schedules to consolidated summary reports across business units.

Depreciation Schedule Report
Detailed period-by-period depreciation schedule for every asset — opening value, charge, accumulated, and closing WDV.
Fixed Asset Register (FAR)
Complete fixed asset register with cost, accumulated depreciation, and net book value. Filter by location, category, or date.
Variance & Comparison Reports
Compare book depreciation vs. tax depreciation. Identify deferred tax assets and liabilities.
Audit Working Papers
Export depreciation data in formats ready for external audit review — grouped by class, method, and financial year.
3+
Methods
Straight-line, declining balance, custom
IFRS
Compliant
IAS 16, IAS 38, IAS 36 aligned
Dual
Books
Companies Act + IT Act in parallel
6+
Reports
FAR, schedules, variance, audit papers

See the Depreciation Engine in Action

Watch how TRAXX handles IFRS-compliant depreciation for 500K+ assets across multiple methods and books.

Schedule a Demo Contact Sales