Enable Strict Yearly Limit

If the asset is more durable than initially anticipated (for example, future acquired cars), you can spread the depreciation over more years.

To enable strict yearly limit for an asset:

Go to General Ledger > Fixed Assets > > Home.
Select an open asset from the filter list.
In the Information tab, select Yes from the Strict Yearly Limit drop-down list in the Tax Depreciation Information island.
Click Save Asset.

Note: The Strict Yearly Limit and First Year Factor fields represent two different Straight Line taxing systems. Maconomy ensures that you do not use both fields at the same time.

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Enable Strict Yearly Limit

If the asset is more durable than initially anticipated (for example, future acquired cars), you can spread the depreciation over more years.

To enable strict yearly limit for an asset:

Go to General Ledger > Fixed Assets > > Home.
Select an open asset from the filter list.
In the Information tab, select Yes from the Strict Yearly Limit drop-down list in the Tax Depreciation Information island.
Click Save Asset.

Note: The Strict Yearly Limit and First Year Factor fields represent two different Straight Line taxing systems. Maconomy ensures that you do not use both fields at the same time.