In Poland, fixed asset depreciation methods differ from the standard depreciation methods. Additional rules and settings are used to meet specific fixed asset accounting requirements. According to Polish regulations, a yearly depreciation rate is used to calculate depreciation, instead of the Service lifeor Service life remainingdepreciation methods. The depreciation methods that are applied in Poland are:

  • Straight-line service life depreciation

  • Reducing balance depreciation

Note Note

For more information about depreciation methods, see "Depreciation methods and conventions" in the Applications and Business Processes Help.

  1. Click General ledger> Setup> Parametersto open the General ledger parametersform.

  2. On the Fixed assetstab, in the Depreciation percent levelfield, select one of the following parameters:

    • Profile (standard)- To calculate depreciation based on the Depreciation profilesform ( General ledger> Setup> Fixed assets> Depreciation profiles).

    • Fixed asset evidence model- To calculate depreciation based on the Value modelsform ( General ledger> Setup> Fixed assets> Value models).

  3. Press CTRL+S or close the form.

  4. Click General ledger> Setup> Fixed assets> Depreciation profilesto open the Depreciation profilesform.

  5. In the Methodfield, select a depreciation method for the profile.

  6. Enter the required details.

    Note Note

    For more information, see "Depreciation profiles (form)" in the Applications and Business Processes Help.

  7. Press CTRL+S or close the form.

See Also