Gesvalt offers companies the Useful Life Assessment Service. We take care of preparing an asset depreciation report that can be submitted to auditors and the tax agency for validation.
Useful life and depreciation of assets
The effect of depreciation on the accounts The annual costs of companies are, in many cases, significant. This has a particular impact on companies with significant fixed asset requirements, such as property developers with rental assets, SOCIMIs, industrial companies, power generation companies, shipping companies, and distribution companies, among others.
Useful life is the estimated expected productive life of a depreciable fixed asset, during which it can be expected to contribute to the company's operations. The number of years over which an asset is depreciated is determined by its useful life.
Depreciation does not directly affect a company's cash flow, but it is tax deductible and will therefore reduce cash outflows related to income tax.
In this regard, the result of calculating the useful life of an asset has a direct impact on the total depreciation expenses recognised by a company in a period.
Gesvalt studies the variables that affect the determination of useful lives according to the life cycle of assets and their depreciation, and which will have an impact on companies at a fiscal, commercial and accounting level.
When calculating these asset depreciation indicators, we can project the amount of amortisation over time, providing greater control over company finances.
One of Gesvalt's areas of expertise is strategic consulting and tax advice for companies. Contact us, we will be delighted to contribute to the success of your company's operations.