Helpfixed assetsDepreciation
Depreciation
Understand how depreciation and capital allowance are managed in AkountFly.
beginner· 2 views· Updated 7/18/2026
In AkountFly, book depreciation is recorded monthly from the acquisition date using your selected method.
For tax purposes, the annual capital allowance is calculated separately according to the country's tax regulations. For Nigeria's NTA 2025, only the annual allowance applies (10/20/25% by class), as the Initial Allowance has been removed.
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