Finance AI Skill

Depreciation Amortization

Calculate, record, and manage depreciation and amortization for all fixed assets and intangible assets using appropriate methods and useful lives. Use when setting up depreciation schedules, selecting depreciation methods, recording monthly depreciation, handling asset disposals with gain/loss calculation, performing impairment reviews, or preparing fixed asset reports for auditors. Triggers on phrases like "depreciation schedule", "amortization", "depreciation method", "useful life", "asset disposal", "book value", "accumulated depreciation", "impairment test", "MACRS", "capital allowance", "fixed asset depreciation".