This section includes the fields and descriptions for the Asset Group Lines sub-tab.
| Field | Description |
|---|
| From Company No.
|
Select the starting company number to which the asset depreciation rules apply. The values you enter in the other fields in the Group Lines sub-tab and Asset Group Lines sub-tab overwrite the values specified in the Group tab and Asset Groups sub-tab.
|
| To Company No.
|
Select the ending company number to which the asset depreciation rules apply.
|
| Method, Book Depreciation
|
Select the book depreciation method to use when creating a new asset that belongs to this group. The possible methods are:
- Straight Line
- Straight Line, By month
|
| Period, Book Depreciation
|
Specify the depreciation period to use when creating a new asset that belongs to this group.
|
| Post Depreciation as Job Entry, Book Depreciation
|
Select the checkbox if you want to post a job entry when depreciating an asset.
|
| Asset Cost Factor, Tax Depreciation
|
Enter the taxable value of the asset, which can be more than the cost price. This field allows you to adjust the taxable value.
It is independent from the other fields in the Information tab.
|
| Table, Tax Depreciation
|
Enter or select the Tax Depreciation Table name to use in the table-based depreciation.
Note: You cannot use the tax depreciation table in combination with the
Years,
First Year Factor, or
Strict Yearly Limit fields.
|
| Years, Tax Depreciation
|
Specify the number of years to depreciate the asset through straight line depreciation.
|
| First Year Factor, Tax Depreciation
|
Enter the first year factor that balances the asset depreciation in the first year's limit. The value in this field extends the depreciation into an additional fiscal year in the end. The default value 100% indicates that there is no change to the amount.
|
| Strict Yearly Limit, Tax Depreciation
|
Specify whether the yearly percentage is set as a limit for each year. Delayed depreciation cannot be added on top of the yearly percentage. This field is deselected by default, which allows depreciation if the accumulated yearly depreciation do not exceed the accumulated yearly percentage.
|
