diff --git a/scripts/patch-reports-module.sql b/scripts/patch-reports-module.sql
new file mode 100644
index 0000000..6b584ed
--- /dev/null
+++ b/scripts/patch-reports-module.sql
@@ -0,0 +1,20 @@
+-- Reports module — RBAC for read-only report APIs
+
+INSERT INTO modules (code, name, sort_order, is_active)
+VALUES ('REPORTS', 'Reports', 90, true)
+ON CONFLICT (code) DO UPDATE SET name = EXCLUDED.name, sort_order = EXCLUDED.sort_order, is_active = true;
+
+INSERT INTO permissions (module_id, action, is_active)
+SELECT m.id, a.action, true
+FROM modules m
+CROSS JOIN (VALUES ('view'), ('export')) AS a(action)
+WHERE m.code = 'REPORTS'
+ON CONFLICT (module_id, action) DO UPDATE SET is_active = true;
+
+INSERT INTO role_permissions (role_id, permission_id)
+SELECT r.id, p.id
+FROM roles r
+JOIN permissions p ON p.action IN ('view', 'export')
+JOIN modules m ON m.id = p.module_id AND m.code = 'REPORTS'
+WHERE r.name = 'Super Admin' AND r.deleted_at IS NULL
+ON CONFLICT (role_id, permission_id) DO NOTHING;
diff --git a/src/docs/reports-routes.yaml b/src/docs/reports-routes.yaml
new file mode 100644
index 0000000..d0359d5
--- /dev/null
+++ b/src/docs/reports-routes.yaml
@@ -0,0 +1,245 @@
+tags:
+  - name: Reports
+
+components:
+  schemas:
+    DepreciationSummary:
+      type: object
+      properties:
+        asset_count: { type: integer, example: 42 }
+        total_purchase_cost: { type: number, example: 1250000 }
+        total_accumulated_depreciation: { type: number, example: 320000 }
+        total_book_value: { type: number, example: 930000 }
+        total_annual_depreciation: { type: number, example: 85000 }
+    AssetDepreciationReportItem:
+      type: object
+      properties:
+        id: { type: string, example: "15" }
+        asset_code: { type: string, example: IT-LAP-00012 }
+        asset_name: { type: string, example: Dell Latitude 5540 }
+        status: { type: string, example: IN_USE }
+        purchase_date: { type: string, format: date, nullable: true }
+        purchase_cost: { type: number, example: 75000 }
+        salvage_value: { type: number, example: 5000 }
+        useful_life_years: { type: integer, nullable: true, example: 5 }
+        depreciation_method: { type: string, nullable: true, example: SLM }
+        depreciation_rate: { type: number, nullable: true, example: 17.3333 }
+        item_category:
+          type: object
+          nullable: true
+          properties:
+            id: { type: string }
+            code: { type: string }
+            name: { type: string }
+        item_subcategory:
+          type: object
+          nullable: true
+          properties:
+            id: { type: string }
+            code: { type: string }
+            name: { type: string }
+        plant:
+          type: object
+          nullable: true
+          properties:
+            id: { type: string }
+            code: { type: string }
+            name: { type: string }
+        department:
+          type: object
+          nullable: true
+          properties:
+            id: { type: string }
+            name: { type: string }
+        depreciation:
+          type: object
+          properties:
+            depreciation_method: { type: string, nullable: true }
+            depreciation_rate: { type: number, nullable: true }
+            annual_depreciation: { type: number }
+            accumulated_depreciation: { type: number }
+            book_value: { type: number }
+            years_elapsed: { type: number }
+            purchase_cost: { type: number }
+            salvage_value: { type: number }
+            useful_life_years: { type: integer, nullable: true }
+    DepreciationReportFilterOptions:
+      type: object
+      properties:
+        plants:
+          type: array
+          items:
+            type: object
+            properties:
+              id: { type: string }
+              code: { type: string }
+              name: { type: string }
+        departments:
+          type: array
+          items:
+            type: object
+            properties:
+              id: { type: string }
+              name: { type: string }
+        item_categories:
+          type: array
+          items:
+            type: object
+            properties:
+              id: { type: string }
+              code: { type: string }
+              name: { type: string }
+        item_subcategories:
+          type: array
+          items:
+            type: object
+            properties:
+              id: { type: string }
+              code: { type: string }
+              name: { type: string }
+              item_category_id: { type: string }
+        depreciation_methods:
+          type: array
+          items:
+            type: object
+            properties:
+              value: { type: string }
+              label: { type: string }
+        statuses:
+          type: array
+          items:
+            type: object
+            properties:
+              value: { type: string }
+              label: { type: string }
+
+paths:
+  /reports/assets/depreciation/filters:
+    get:
+      tags: [Reports]
+      summary: Filter dropdowns for asset depreciation report
+      responses:
+        "200":
+          description: Filter options fetched
+          content:
+            application/json:
+              schema:
+                allOf:
+                  - $ref: "#/components/schemas/ApiResponse"
+                  - type: object
+                    properties:
+                      data: { $ref: "#/components/schemas/DepreciationReportFilterOptions" }
+  /reports/assets/depreciation/export:
+    get:
+      tags: [Reports]
+      summary: Export asset depreciation report as CSV
+      parameters:
+        - in: query
+          name: search
+          schema: { type: string }
+        - in: query
+          name: status
+          schema: { type: string }
+        - in: query
+          name: depreciation_method
+          schema: { type: string, enum: [SLM, WDV, OTHER] }
+        - in: query
+          name: item_category_id
+          schema: { type: integer }
+        - in: query
+          name: item_subcategory_id
+          schema: { type: integer }
+        - in: query
+          name: plant_id
+          schema: { type: integer }
+        - in: query
+          name: department_id
+          schema: { type: integer }
+        - in: query
+          name: is_active
+          schema: { type: boolean }
+        - in: query
+          name: as_of_date
+          schema: { type: string, format: date }
+          description: Depreciation calculation date (defaults to today)
+        - in: query
+          name: purchase_date_from
+          schema: { type: string, format: date }
+        - in: query
+          name: purchase_date_to
+          schema: { type: string, format: date }
+      responses:
+        "200":
+          description: CSV export
+          content:
+            text/csv:
+              schema: { type: string }
+  /reports/assets/depreciation:
+    get:
+      tags: [Reports]
+      summary: Paginated asset depreciation report
+      description: |
+        Lists assets with computed depreciation (annual, accumulated, book value).
+        `meta.summary` aggregates totals across all rows matching the current filters.
+      parameters:
+        - in: query
+          name: page
+          schema: { type: integer, default: 1 }
+        - in: query
+          name: limit
+          schema: { type: integer, default: 20, maximum: 100 }
+        - in: query
+          name: search
+          schema: { type: string }
+          description: Search asset code, name, or serial number
+        - in: query
+          name: status
+          schema: { type: string }
+        - in: query
+          name: depreciation_method
+          schema: { type: string, enum: [SLM, WDV, OTHER] }
+        - in: query
+          name: item_category_id
+          schema: { type: integer }
+        - in: query
+          name: item_subcategory_id
+          schema: { type: integer }
+        - in: query
+          name: plant_id
+          schema: { type: integer }
+        - in: query
+          name: department_id
+          schema: { type: integer }
+        - in: query
+          name: is_active
+          schema: { type: boolean }
+        - in: query
+          name: as_of_date
+          schema: { type: string, format: date }
+        - in: query
+          name: purchase_date_from
+          schema: { type: string, format: date }
+        - in: query
+          name: purchase_date_to
+          schema: { type: string, format: date }
+      responses:
+        "200":
+          description: Asset depreciation report
+          content:
+            application/json:
+              schema:
+                allOf:
+                  - $ref: "#/components/schemas/ApiResponse"
+                  - type: object
+                    properties:
+                      data:
+                        type: array
+                        items: { $ref: "#/components/schemas/AssetDepreciationReportItem" }
+                      meta:
+                        type: object
+                        properties:
+                          page: { type: integer }
+                          limit: { type: integer }
+                          total: { type: integer }
+                          as_of_date: { type: string, format: date-time }
+                          summary: { $ref: "#/components/schemas/DepreciationSummary" }
diff --git a/src/modules/reports/reports-assets-depreciation.service.js b/src/modules/reports/reports-assets-depreciation.service.js
new file mode 100644
index 0000000..19ab2ea
--- /dev/null
+++ b/src/modules/reports/reports-assets-depreciation.service.js
@@ -0,0 +1,256 @@
+const prisma = require('../../config/prisma');
+const { getPagination } = require('../../utils/pagination');
+const { calculateDepreciation, round4 } = require('../assets/assets.depreciation');
+
+const depreciationInclude = {
+  item_categories: { select: { id: true, code: true, name: true } },
+  item_subcategories: { select: { id: true, code: true, name: true } },
+  plant: { select: { id: true, code: true, name: true } },
+  departments: { select: { id: true, name: true } },
+};
+
+const buildDepreciationWhere = (query) => {
+  const where = {
+    deleted_at: null,
+    ...(query.status ? { status: query.status } : {}),
+    ...(query.depreciation_method ? { depreciation_method: query.depreciation_method } : {}),
+    ...(query.item_category_id ? { item_category_id: BigInt(query.item_category_id) } : {}),
+    ...(query.item_subcategory_id
+      ? { item_subcategory_id: BigInt(query.item_subcategory_id) }
+      : {}),
+    ...(query.plant_id ? { plant_id: BigInt(query.plant_id) } : {}),
+    ...(query.department_id ? { department_id: BigInt(query.department_id) } : {}),
+    ...(query.is_active !== undefined ? { is_active: query.is_active } : {}),
+    ...(query.search
+      ? {
+          OR: [
+            { asset_code: { contains: query.search, mode: 'insensitive' } },
+            { asset_name: { contains: query.search, mode: 'insensitive' } },
+            { serial_number: { contains: query.search, mode: 'insensitive' } },
+          ],
+        }
+      : {}),
+  };
+
+  if (query.purchase_date_from || query.purchase_date_to) {
+    where.purchase_date = {};
+    if (query.purchase_date_from) where.purchase_date.gte = new Date(query.purchase_date_from);
+    if (query.purchase_date_to) where.purchase_date.lte = new Date(query.purchase_date_to);
+  }
+
+  return where;
+};
+
+const toNumber = (value) =>
+  value !== null && value !== undefined ? Number(value) : value === null ? null : 0;
+
+const sanitizeDepreciationRow = (asset, asOfDate) => {
+  const purchaseCost = toNumber(asset.purchase_cost);
+  const salvageValue = toNumber(asset.salvage_value);
+  const depreciationRate = toNumber(asset.depreciation_rate);
+
+  const depreciation = calculateDepreciation({
+    depreciation_method: asset.depreciation_method,
+    depreciation_rate: depreciationRate,
+    purchase_cost: purchaseCost,
+    salvage_value: salvageValue,
+    useful_life_years: asset.useful_life_years,
+    purchase_date: asset.purchase_date,
+    as_of_date: asOfDate,
+  });
+
+  return {
+    id: asset.id,
+    asset_code: asset.asset_code,
+    asset_name: asset.asset_name,
+    status: asset.status,
+    purchase_date: asset.purchase_date,
+    purchase_cost: purchaseCost,
+    salvage_value: salvageValue,
+    useful_life_years: asset.useful_life_years,
+    depreciation_method: asset.depreciation_method,
+    depreciation_rate: depreciationRate,
+    item_category: asset.item_categories || null,
+    item_subcategory: asset.item_subcategories || null,
+    plant: asset.plant || null,
+    department: asset.departments || null,
+    depreciation,
+  };
+};
+
+const computeSummary = (rows, asOfDate) => {
+  let totalPurchaseCost = 0;
+  let totalAccumulatedDepreciation = 0;
+  let totalBookValue = 0;
+  let totalAnnualDepreciation = 0;
+
+  for (const asset of rows) {
+    const item = sanitizeDepreciationRow(asset, asOfDate);
+    totalPurchaseCost = round4(totalPurchaseCost + item.purchase_cost);
+    totalAccumulatedDepreciation = round4(
+      totalAccumulatedDepreciation + item.depreciation.accumulated_depreciation
+    );
+    totalBookValue = round4(totalBookValue + item.depreciation.book_value);
+    totalAnnualDepreciation = round4(
+      totalAnnualDepreciation + item.depreciation.annual_depreciation
+    );
+  }
+
+  return {
+    asset_count: rows.length,
+    total_purchase_cost: totalPurchaseCost,
+    total_accumulated_depreciation: totalAccumulatedDepreciation,
+    total_book_value: totalBookValue,
+    total_annual_depreciation: totalAnnualDepreciation,
+  };
+};
+
+const listAssetDepreciation = async (query) => {
+  const { page, limit, skip } = getPagination(query);
+  const asOfDate = query.as_of_date ? new Date(query.as_of_date) : new Date();
+  const where = buildDepreciationWhere(query);
+
+  const [rows, total, summaryRows] = await Promise.all([
+    prisma.assets.findMany({
+      where,
+      include: depreciationInclude,
+      orderBy: [{ asset_code: 'asc' }],
+      skip,
+      take: limit,
+    }),
+    prisma.assets.count({ where }),
+    prisma.assets.findMany({
+      where,
+      include: depreciationInclude,
+    }),
+  ]);
+
+  const summary = computeSummary(summaryRows, asOfDate);
+
+  return {
+    data: rows.map((row) => sanitizeDepreciationRow(row, asOfDate)),
+    meta: {
+      page,
+      limit,
+      total,
+      as_of_date: asOfDate.toISOString(),
+      summary,
+    },
+  };
+};
+
+const getDepreciationFilterOptions = async () => {
+  const [plants, departments, categories, subcategories] = await Promise.all([
+    prisma.locations.findMany({
+      where: { deleted_at: null, is_active: true, type: 'plant' },
+      select: { id: true, code: true, name: true },
+      orderBy: { name: 'asc' },
+    }),
+    prisma.departments.findMany({
+      where: { deleted_at: null, is_active: true },
+      select: { id: true, name: true },
+      orderBy: { name: 'asc' },
+    }),
+    prisma.item_categories.findMany({
+      where: { deleted_at: null, is_active: true },
+      select: { id: true, code: true, name: true },
+      orderBy: { name: 'asc' },
+    }),
+    prisma.item_subcategories.findMany({
+      where: { deleted_at: null, is_active: true },
+      select: { id: true, code: true, name: true, item_category_id: true },
+      orderBy: { name: 'asc' },
+    }),
+  ]);
+
+  return {
+    plants,
+    departments,
+    item_categories: categories,
+    item_subcategories: subcategories,
+    depreciation_methods: [
+      { value: 'SLM', label: 'Straight Line Method (SLM)' },
+      { value: 'WDV', label: 'Written Down Value (WDV)' },
+      { value: 'OTHER', label: 'Other' },
+    ],
+    statuses: [
+      { value: 'IN_USE', label: 'In Use' },
+      { value: 'IDLE', label: 'Idle' },
+      { value: 'UNDER_MAINTENANCE', label: 'Under Maintenance' },
+      { value: 'DISPOSED', label: 'Disposed' },
+      { value: 'SCRAPPED', label: 'Scrapped' },
+    ],
+  };
+};
+
+const escapeCsv = (value) => {
+  const text = String(value ?? '');
+  if (/[",\n]/.test(text)) return `"${text.replace(/"/g, '""')}"`;
+  return text;
+};
+
+const exportAssetDepreciation = async (query) => {
+  const asOfDate = query.as_of_date ? new Date(query.as_of_date) : new Date();
+  const where = buildDepreciationWhere(query);
+
+  const rows = await prisma.assets.findMany({
+    where,
+    include: depreciationInclude,
+    orderBy: [{ asset_code: 'asc' }],
+  });
+
+  const header = [
+    'Asset Code',
+    'Asset Name',
+    'Status',
+    'Category',
+    'Subcategory',
+    'Plant',
+    'Department',
+    'Purchase Date',
+    'Purchase Cost',
+    'Salvage Value',
+    'Useful Life (Years)',
+    'Depreciation Method',
+    'Depreciation Rate (%)',
+    'Annual Depreciation',
+    'Accumulated Depreciation',
+    'Book Value',
+    'Years Elapsed',
+    'As Of Date',
+  ];
+
+  const lines = rows.map((row) => {
+    const item = sanitizeDepreciationRow(row, asOfDate);
+    return [
+      item.asset_code,
+      item.asset_name,
+      item.status,
+      item.item_category?.name || '',
+      item.item_subcategory?.name || '',
+      item.plant?.name || '',
+      item.department?.name || '',
+      item.purchase_date ? new Date(item.purchase_date).toISOString().slice(0, 10) : '',
+      item.purchase_cost,
+      item.salvage_value,
+      item.useful_life_years ?? '',
+      item.depreciation_method || '',
+      item.depreciation_rate ?? '',
+      item.depreciation.annual_depreciation,
+      item.depreciation.accumulated_depreciation,
+      item.depreciation.book_value,
+      item.depreciation.years_elapsed,
+      asOfDate.toISOString().slice(0, 10),
+    ]
+      .map(escapeCsv)
+      .join(',');
+  });
+
+  return [header.join(','), ...lines].join('\n');
+};
+
+module.exports = {
+  listAssetDepreciation,
+  getDepreciationFilterOptions,
+  exportAssetDepreciation,
+};
diff --git a/src/modules/reports/reports.controller.js b/src/modules/reports/reports.controller.js
new file mode 100644
index 0000000..a4d91ac
--- /dev/null
+++ b/src/modules/reports/reports.controller.js
@@ -0,0 +1,29 @@
+const asyncHandler = require('../../utils/asyncHandler');
+const ApiResponse = require('../../utils/ApiResponse');
+const depreciationService = require('./reports-assets-depreciation.service');
+
+const listAssetDepreciation = asyncHandler(async (req, res) => {
+  const result = await depreciationService.listAssetDepreciation(req.query);
+  res.json(new ApiResponse(200, result.data, 'Asset depreciation report fetched', result.meta));
+});
+
+const depreciationFilters = asyncHandler(async (_req, res) => {
+  const data = await depreciationService.getDepreciationFilterOptions();
+  res.json(new ApiResponse(200, data, 'Asset depreciation filter options fetched'));
+});
+
+const exportAssetDepreciation = asyncHandler(async (req, res) => {
+  const csv = await depreciationService.exportAssetDepreciation(req.query);
+  res.setHeader('Content-Type', 'text/csv; charset=utf-8');
+  res.setHeader(
+    'Content-Disposition',
+    'attachment; filename="asset-depreciation-report.csv"'
+  );
+  res.send(csv);
+});
+
+module.exports = {
+  listAssetDepreciation,
+  depreciationFilters,
+  exportAssetDepreciation,
+};
diff --git a/src/modules/reports/reports.routes.js b/src/modules/reports/reports.routes.js
new file mode 100644
index 0000000..fabcf11
--- /dev/null
+++ b/src/modules/reports/reports.routes.js
@@ -0,0 +1,33 @@
+const express = require('express');
+const authenticate = require('../../middlewares/auth.middleware');
+const authorize = require('../../middlewares/rbac.middleware');
+const validate = require('../../middlewares/validate.middleware');
+const controller = require('./reports.controller');
+const {
+  depreciationReportQuerySchema,
+  exportDepreciationReportQuerySchema,
+} = require('./reports.validation');
+
+const router = express.Router();
+
+router.use(authenticate);
+
+router.get(
+  '/assets/depreciation/filters',
+  authorize('REPORTS', 'view'),
+  controller.depreciationFilters
+);
+router.get(
+  '/assets/depreciation/export',
+  authorize('REPORTS', 'export'),
+  validate(exportDepreciationReportQuerySchema, 'query'),
+  controller.exportAssetDepreciation
+);
+router.get(
+  '/assets/depreciation',
+  authorize('REPORTS', 'view'),
+  validate(depreciationReportQuerySchema, 'query'),
+  controller.listAssetDepreciation
+);
+
+module.exports = router;
diff --git a/src/modules/reports/reports.validation.js b/src/modules/reports/reports.validation.js
new file mode 100644
index 0000000..afbb5ad
--- /dev/null
+++ b/src/modules/reports/reports.validation.js
@@ -0,0 +1,39 @@
+const Joi = require('joi');
+const { ASSET_STATUSES } = require('../assets/assets.constants');
+
+const depreciationReportQuerySchema = Joi.object({
+  page: Joi.number().integer().min(1).default(1),
+  limit: Joi.number().integer().min(1).max(100).default(20),
+  search: Joi.string().max(100).trim().allow('').optional(),
+  status: Joi.string()
+    .valid(...ASSET_STATUSES)
+    .optional(),
+  depreciation_method: Joi.string().valid('SLM', 'WDV', 'OTHER').optional(),
+  item_category_id: Joi.number().integer().positive().optional(),
+  item_subcategory_id: Joi.number().integer().positive().optional(),
+  plant_id: Joi.number().integer().positive().optional(),
+  department_id: Joi.number().integer().positive().optional(),
+  is_active: Joi.boolean().optional(),
+  as_of_date: Joi.date().iso().optional(),
+  purchase_date_from: Joi.date().iso().optional(),
+  purchase_date_to: Joi.date().iso().optional(),
+}).custom((value, helpers) => {
+  if (
+    value.purchase_date_from &&
+    value.purchase_date_to &&
+    new Date(value.purchase_date_from) > new Date(value.purchase_date_to)
+  ) {
+    return helpers.message('purchase_date_from must be before or equal to purchase_date_to');
+  }
+  return value;
+});
+
+const exportDepreciationReportQuerySchema = depreciationReportQuerySchema.keys({
+  page: Joi.strip(),
+  limit: Joi.strip(),
+});
+
+module.exports = {
+  depreciationReportQuerySchema,
+  exportDepreciationReportQuerySchema,
+};
diff --git a/src/routes/v1/index.js b/src/routes/v1/index.js
index 4f6947d..5387989 100644
--- a/src/routes/v1/index.js
+++ b/src/routes/v1/index.js
@@ -11,6 +11,7 @@ router.use('/grn', require('../../modules/grn/grn.routes'));
 router.use('/assets', require('../../modules/assets/assets.routes'));
 router.use('/settings', require('../../modules/settings/settings.routes'));
 router.use('/audit-logs', require('../../modules/audit-logs/audit-logs.routes'));
+router.use('/reports', require('../../modules/reports/reports.routes'));
 router.use('/masters', require('../../modules/masters'));
 
 router.get('/healthz', (req, res) => {