Depreciation

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. Tax depreciation follows your country pack: for example Nigeria's NTA 2025 applies only an annual allowance (10/20/25 % by class, the Initial Allowance having been removed), the UK uses writing-down allowances (18 % / 6 %) with the Annual Investment Allowance, the US uses MACRS, and Kenya uses wear-and-tear classes.