Flexibility for Fair Trade-Off

Whenever you depreciate an asset, Maconomy implements both table-based and formula-based depreciation as checks, but Maconomy does not store the given value of the lower bound.

This is useful when law changes and the model is updated. However, the user does not get a reversed check on submitted asset depreciations when there are changes to the model.

In the US, companies are required to comply with 26 U.S.C § 168(d)(3), which covers accelerated depreciation methods, when they review their purchases late in the year. If they have to change the 50% first year practice to a 25% first year practice, then they would have to check manually or reenter all asset depreciations for the given year.