Portfolio Management: Depreciation Tracking

The seamless integration of the LeaseWave® leasing system’s asset and lease management modules makes depreciation tracking, both tax as well as book, completely flexible. This is particularly relevant for tax depreciation. Depreciation tables can be set up globally in the system per user definitions and then assigned to individual assets and/or asset types, en masse or by specific asset. Any change that is made to these templates then impacts the associated assets automatically. In addition to book depreciation, the LeaseWave® leasing system allows for the maintenance of as many as 4 different depreciation schedules per asset; this can be increased as desired.

• Calculate tax depreciation on any asset, independent of the lease it may or may not be on
• Flexibility to set up an unlimited amount of user-defined tax depreciation tables. It is the user’s choice whether the tables correspond directly to IRS-stipulated tables.
• Change depreciation methods during the life of an asset, triggering the system to re-calculate the depreciation schedules using the new method.
• Track up to 4 depreciation tables per asset; add more if required.
• Ensure full compliance with IRS regulations and flexibly adapt to changes; this includes, for example, managing bonus depreciation per IRS regulations.
• Set up any number of depreciation templates defining depreciation treatment; associate templates to asset types and sub-types (and to parent/children and primary-asset/component relationships) allowing the system to automatically default the depreciation template to use for each asset.