The tax depreciation details report presents detailed depreciation data for fixed assets over a specified period. In the report, you can view the net book value at the beginning of the period, value of the acquired assets, capital improvements, percentage of depreciation applied, calculated tax depreciation, and net book value after deduction of depreciation for various asset categories.

  1. Click General ledger> Journals> Fixed assetsto open the Journalform.

  2. Press CTRL+N to create a new line, and enter the required details.

    Note Note

    For more information, see the section "Journal header (form)" in the Applications and Business Processes Help.

  3. Click Linesto open the Journal voucherform.

  4. Press CTRL+N to create a new line, and enter the required details.

    Note Note

    For more information, see the section "Fixed assets journal lines (form)" in the Applications and Business Processes Help.

  5. In the Transaction typefield, select Depreciation.

  6. In the Responsiblefield, select the name of the employee who is responsible for the fixed asset.

  7. In the Locationfield, select the location of the fixed asset.

  8. In the Documentfield, enter the number of the document that the voucher was generated from.

  9. In the Fixed asset groupfield, select the fixed asset group.

  10. Click Post> Postto post the journal.

  11. Press CTRL+S or close the form.

  12. Click General ledger> Reports> Asset Reports> Tax depreciation–Detailsto open the Tax depreciationreport.

  13. In the From dateand To datefields, specify the date range for the tax depreciation report.

  14. Select the Detailscheck box to display the depreciation details in the report.

  15. Click Selectto open the Depreciation calculation for tax purposesform, and set up the selection criteria for generating the report.

  16. Click OKto close the Depreciation calculation for tax purposesform.

  17. Click OKto generate the Tax depreciationreport.

See Also