The RCC Fixed Assed module lets you easily determine and report depreciation of your fixed assets. It is a comprehensive software package, providing both book and tax schedules. Available depreciation methods include various straight line, double declining balance, and accelerated cost recovery system methods. Each run of a depreciation schedule generates a journal entry to record the current depreciation. The schedule(s) may be run at any month-end during the fiscal year as long as the year-end update has not been run.