Calculation date

Set up parameters such as the calculation date, name, and period status of tax depreciation.

Values

Set up values for asset category, acquisition, acquisition adjustment, depreciation, percentage, and net book value.

Note
Review the tax depreciation calculation results.

Calculate

Calculate tax depreciation for a category as a whole, rather than for an individual asset.

Open

Change the period status for the specified tax depreciation.

Calculation date

Modify the calculation date for tax depreciation, if required.

Name

Enter a name for the tax depreciation for the specified calculation date.

Period status

Select the status of the tax depreciation period from the following options:

• Stopped

• Open

• Closed

• Year closed

  Note
  If the period status is set to Stopped, you can change it to Openand recalculate the depreciation. However, after the period has been Closed, you cannot reopen the period and recalculate the depreciation.

Category

Select the asset category for tax depreciation.

Acquisition

Modify the value of any acquired fixed assets or asset quantity.

Starting value

Modify the net book value at the beginning of the taxation period.

Acquisition adjustment

Modify the adjustment value of the acquisition.

Net book value

Modify the net book value at the beginning of the taxation period that is the basis for the depreciation calculation.

Percentage

Modify the percentage of origin constituting the depreciation.

Depreciation

Modify the depreciation value calculated for the taxation period.

Net book value

Modify the net book value after deduction of depreciation at the beginning of the next taxation period.

Eliminated

Modify the net book value of the fixed assets disposed in taxation period.