The Fixed Assets application for OSAS Accounting Software helps you calculate and track the value and depreciation of your company’s fixed assets—anything with a useful life of more than one year that is used to produce income and is not intended for sale. Standard methods of tracking depreciation—such as straight line, sum-of-the-years’ digits, declining balance, ACRS, and MACRS—are available. The Fixed Assets system provides four sets of asset depreciation records: book, federal tax, other, and alternative minimum tax (A.M.T.).