Calculate the depreciation
Find out the depreciation value of your assets over a period of time. Freshservice IT financial management process allows you calculate depreciation in three modes - declining balance, straight line, sum-of-years-digit method.
Salvage Value
You would want to keep a track of your assets shelf-life. Define the salvage value based on the estimation upon its sale at the end of its useful period. This value is used to determine the depreciation amount and deductions in the actual value.
Know the vendors like back of your hand
Associate the vendors alongside the CIs cost estimate and description. It becomes easier to connect with the vendors whenever there is short of supply and you are trying to cross check for the asset values purchased. Systematic, isn’t it?