Below you can see an example and comments to a printout of Tax Depreciation.
The list is divided into two sections, on section for calculation according to the 30% rule and the other section for calculation using the 20% rule.
The format for calculation according to the general rule is displayed at the top of the printout sample below. Book value at the start of the tax year (OB Book value) is loaded from the entered Depreciation basis under the Create tab. This year's acquisitions and disposals are loaded from the fixed asset register. A list with this information can be gathered from the Fixed Asset List procedure. Remaining depreciation basis concerns the OB Book value with addition of the year's acquisitions reduced with the disposals/sales of the year. Lowest value shows the lowest value that the assets are allowed to be registered at, at the year-end closing. According to the 30% rule this is 70% of the remaining depreciation basis.
The format for calculation according to the supplementary rule is displayed at the bottom of the printout sample below. This information is loaded from the amounts entered in the Create tab. The amounts in the Create tab are loaded from the fixed asset register by default. Lowest value shows the lowest value that the assets are allowed to be registered at, at the year-end closing. According to the 20% rule this is the total amount that has been calculated for the respective year in the table.
At the bottom of the list you can see the Lowest value as above. This refers to the lowest value that the assets can be registered at, at the year-end closing. The system will supply the lowest of the two amounts that have been calculated according to the two rules.
Sample of a printout in the Tax Depreciation procedure.