Depreciation is a permanent and continuous decrease in the quality and value of an asset. It is a way of matching the cost of a fixed asset with the revenue it generates over its useful life. MAXX provide this feature to its users to pass the journal entry for depreciation account with a specified depreciation percentage in a click. Without depreciation accounting, the entire cost of a fixed asset will be considered. This will give a misleading view of the profitability of the company. This feature helps the user to avoid passing manual journal entries and calculation errors, etc
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