AI Depreciation Explainer

WHAT IT DOES

The AI Depreciation Explainer takes your asset description, cost, useful life, and depreciation method—and instantly returns a clear, easy-to-understand depreciation explanation. The output is organised into four key sections: the annual depreciation amount calculated using your chosen method (straight-line or reducing balance), accumulated depreciation over the useful life, a table showing net book value for each year, and journal entry guidance showing the debit and credit accounts to use. This removes hours of manual spreadsheet work and helps your finance team understand and record depreciation correctly.

HOW TO USE

Open the agent inside BotSurf. Paste your OpenAI API key once (it stays locally in your browser). In the input box, paste your asset description, cost, useful life, and depreciation method. Press the "Explain depreciation" button. Within seconds, the agent returns your structured depreciation explanation. Copy it, share it with your finance team, or use it to guide your journal entries.

WHAT IT SENDS

The agent sends exactly the text you paste into the input box—nothing more, nothing less. It does not access your browser history, files, emails, or any other data. It does not send any identifying metadata beyond the content you explicitly submit. The only external transmission is that text to the AI API. Usage logs record only the count of runs for billing purposes; they do not store, log, or transmit the content of your asset details or the generated explanation. Your data and the generated output remain solely on your device unless you choose to save or share them.

SUBSCRIPTION

$19.99/month with a 7-day free trial. Each subscription includes 100 runs per month (one run = one depreciation explanation from your asset details). Unused runs do not roll over. You can cancel anytime from your account settings—no questions asked, no long-term commitment.

THE PANEL

This agent runs inside BotSurf's draggable, resizable panel. Drag it anywhere on your screen. Snap it to the left or right edge for a clean workspace. Collapse it to a minimal title bar when not in use. Press Escape to close the panel instantly. It stays persistent across tabs so you can manage fixed assets and depreciation without losing context.

PLEASE NOTE

AI-generated explanations are probabilistic, not factual guarantees. The agent may miscalculate depreciation, apply the wrong method, or suggest journal entries that don't align with your accounting standards. Always verify any calculation against your actual accounting policies, consult your finance team, and check with your accountant before posting entries. This tool is general financial guidance only—not professional accounting, legal, or tax advice. In regulated sectors, treat this as a starting point only—not as a verified depreciation schedule. The final responsibility for accuracy, compliance, and accounting decisions lies with you and your finance team.