Documentation

Fixed assets and depreciation

Capitalize equipment and other long-lived purchases and record depreciation over their useful life.

Plans
Basic fixed-asset recording: Core and above. Asset register, depreciation schedules, and disposals: Advanced and above
Availability
Available
For
Accountants, Bookkeepers
In KontoCore
Accounting → Fixed assets

In plain English

A truck you’ll use for years isn’t a one-month expense. You record it as something you own, then spread its cost over the years you use it.

What this does

Record the purchase to a fixed-asset account. On Advanced, the asset register calculates depreciation on a schedule and posts it each period, and handles disposals.

What happens in your books

Monthly straight-line depreciation on $36,000 equipment over 5 years:

Monthly depreciation · illustrative
AccountDebitCredit
Depreciation Expense600.00
Accumulated Depreciation (contra-asset)600.00

Book vs tax depreciation

KontoCore is accounting software. It does not provide personalized tax or legal advice; consult a qualified professional.

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Last reviewed September 25, 2026