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Depreciation and Asset Management in Property Accounting

This presentation by EXO Edge highlights the critical role of depreciation and asset management in property accounting. It begins by explaining the concept of depreciation, its impact on financial reporting, and commonly used methods like straight-line and declining balance. The presentation then outlines best practices for managing property assets, including proper tracking, classification, and regular audits.

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Depreciation and Asset Management in Property Accounting

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  1. Depreciation and Asset Management in Property Accounting Maximizing Accuracy, Compliance, and Value in Real Estate AssetsPresented by:EXO Edge

  2. Understanding Depreciation in Property Accounting What is Depreciation? Allocation of the cost of a tangible asset over its useful life. Why It Matters: • Reflects true asset value • Impacts tax reporting and financial statements Types Commonly Used: • Straight-line • Declining balance • Units of production (less common in real estate)

  3. Asset Management Best Practices • Asset Tracking: Maintain an accurate register of all capital assets. • Useful Life Estimation: Align with IRS guidelines and property usage. • Capital vs. Expense: Know what qualifies as a capital improvement vs. a repair. • Regular Audits: Verify asset existence, location, and condition annually.

  4. How EXO Edge Supports Smart Asset Management Automated Depreciation Schedules Ensure accuracy and compliance with financial reporting standards. Customized Reporting Dashboards Track depreciation, asset value, and ROI in real-time. Regulatory Compliance Align practices with IRS, GAAP, and property-specific guidelines. Strategic Advisory Support decision-making for asset upgrades and lifecycle planning.

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