I think it is better if this application can compute depreciation. where there will be a recurring of depreciation expense on monthly basis. For example if you have an asset having a useful life of 5 years. It means that it will depreciate automatically for about 60 months.
Please search the forum before starting new topics. This has been suggested many times before. There are dozens of different depreciation schemes used in various jurisdictions. Manager cannot possibly anticipate them all. See Manager Cloud.