Table-Based Depreciation

The Tax Depreciation Tables single dialog workspace and Tax Depreciation Table tab in the Setup section of the Fixed Assets workspace provide alternative areas for countries with more complex rules.

You can enter the maximum allowed depreciation for all the years in the asset’s lifetime. This provides more flexibility and the ability to adapt to changing laws. The lower bound is the asset’s value minus the accumulation of each year’s percentage.

Additionally, this enables you to set up tax depreciation on the table level. This requires more user interaction but it can be automated in an import script, if needed. Checks in the system ensure that the sum in the table is equal to 100% to prevent user-input errors. This requires the user to fill the table with valid values before he assigns it as a Tax Depreciation model.

You can also specify the depreciation percentage for each year in the Tax Depreciation Lines sub-tab of the Tax Depreciation Tables single dialog workspace and Tax Depreciation Table Lines sub-tab in the Setup section of the Fixed Assets workspace.

Create a New Tax Depreciation Table Steps