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In most systems, this function is usually implemented as a free-standing module interfaced to General Ledger for depreciation transactions.
ACE adopts a different approach. Fixed Assets are integrated with Purchases, Sales and General Ledger.
Immediately an asset is purchased, it is reflected in both the Fixed Assets and General Ledger systems. Only additional identification data needs to be subsequently added to the Fixed Asset record.
The system provides a range of depreciation calculation methods and frequencies for different asset categories.
Asset disposal via the Sales module will automatically reflect any profit/loss in the General Ledger.
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