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2I have property that, for fiscal treatment, needs to be depreciated in full in 30 years (so lineair 30 years, no residual).
However if the book value becomes lower than the tax value (set by government), then the depreciation should stop. Theoreticallly this means that the depreciations could stop already after a few (e.g. 5) years.
In the Depreciation Book settings (FA Posting Type) I have defined this tax value as negative FA Posting Type "Custom 1", where the tax value is part of the depreciable basis and the value is of type "Depreciation". In my opinion this should work, but it does not.
Even when the book value goes under the tax value, depreciation is calculated as if there would be no "Custom1" value entered.
However if the book value becomes lower than the tax value (set by government), then the depreciation should stop. Theoreticallly this means that the depreciations could stop already after a few (e.g. 5) years.
In the Depreciation Book settings (FA Posting Type) I have defined this tax value as negative FA Posting Type "Custom 1", where the tax value is part of the depreciable basis and the value is of type "Depreciation". In my opinion this should work, but it does not.
Even when the book value goes under the tax value, depreciation is calculated as if there would be no "Custom1" value entered.
"Custom1" would be entered manually in an FA journal and adjusted when needed by posting the variance.
The value I would like to see in my books is reflected by the red line in the graph below:
What can I do to get this result?
Guidance is appreciated,
Regards,
Frank
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