What Vanward calculates
Book depreciation, accumulated depreciation, net book value and register tie-outs.
The method
- Spread cost less salvage over the entered useful life using straight-line book depreciation and the full-month, next-month or mid-month convention. Apply entered opening accumulated depreciation, prospective estimate changes and disposal timing.
- Calculate in cents, cap cumulative depreciation at depreciable cost and let the final eligible period clear the residual. For imported registers, total the provided cost, accumulated depreciation and net balances by category and compare them with mapped ledger accounts.
What the company decides
Capitalization, service dates, cost, salvage, useful lives, convention, estimate changes, held-for-sale and disposal facts, and imported register figures. These inputs and judgments are outside the guarantee.
Where it shows in Vanward
Fixed assets step, depreciation schedules, register tie-outs and proposed entries.
Method change log
- 2026-11-09 · 1.0 published