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Fixed asset depreciation method- 1st year 50% of depreciation value, year 2-- 100% of depreciation value. How do I set up this?

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Posted on by Emma Husberg

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Hi!

One of our branch in Italy needs to do a statutory depreciation of new fixed assets in the following way:

"Depreciation for statutory reporting (book)- if new asset the depreciation should be deducted with 50% during the first year (example if depreciation % is 12 normally- first year should be depreciated with 6%). Second year and forward is 100%. "

Can someone advice me to how to set this up?

Depreciation should be done monthly .

Grateful for all suggestions!

Emma

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Kinga Kret on at

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RE: Fixed asset depreciation method- 1st year 50% of depreciation value, year 2-- 100% of depreciation value. How do I set up this?

Hi Emma,

did you manage to solve this problem? Could you share your solution? I was searching but I haven't found antything useful in the MS docs.

thank you in advance,

Kinga
Emma Husberg 100 on at

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RE: Fixed asset depreciation method- 1st year 50% of depreciation value, year 2-- 100% of depreciation value. How do I set up this?

Hi Ludwig!

Yes - maybe that is the right way to go. I will check MS docs a bit more and then send my question to the MS Support.

Thanks!

BR Emma
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Ludwig Reinhard Microsoft Employee on at

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RE: Fixed asset depreciation method- 1st year 50% of depreciation value, year 2-- 100% of depreciation value. How do I set up this?

Hello Emma,

I am not an expert of Italian fixed asset regulations.

Have you already checked MS docs for a local functionality?

If this is not the case, do you have access to a local Italian finance consultant?

Alternatively, try to reach out to the MS support if you do not receive any other feedback here in the community.

Best regards,

Ludwig