Complete asset lifecycle management with Nepal Income Tax compliant depreciation, asset tracking, revaluation, and disposal processing.
Complete asset lifecycle management
Comprehensive asset database with categorization, location tracking, and document storage.
Multiple depreciation methods with Nepal Income Tax rate compliance.
Track asset movements between departments, locations, and cost centers.
Asset revaluation with surplus tracking per Nepal Accounting Standards.
Process asset sales, write-offs, and scrapping with gain/loss calculation.
Schedule and track asset maintenance with cost capitalization option.
Pre-configured rates per Nepal Income Tax Act
| Asset Category | Depreciation Rate | Method |
|---|---|---|
| Building | 5% | Written Down Value (WDV) |
| Furniture & Fixtures | 25% | Written Down Value (WDV) |
| Vehicles | 20% | Written Down Value (WDV) |
| Computers & IT Equipment | 25% | Written Down Value (WDV) |
| Plant & Machinery | 15% | Written Down Value (WDV) |
| Intangible Assets | Useful life based | Straight Line |
Rates configurable as per Nepal Income Tax Act amendments.
Comprehensive asset reporting
Depreciation and disposal posting
Asset purchase capitalization
Asset purchase integration
Machine asset tracking
See how M AND R SOLUTION simplifies fixed asset management with Nepal tax compliance.