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Fixed Assets Straight Line Remaining Life

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Posted on by julietrose

Our customer is using Straight Line Original Life for Book purposes and Straight Line Remaining Life for Tax purposes in their current accounting system. I do not see these options in Business Central. Is there a way to distinguish these 2 methods?

Thanks!

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Dynamics 365 Business Central

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YUN ZHU 95,729 Super User 2025 Season 2 on at

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Hi, as far as I know, only one Depreciation Method can be set in BC, so I think the standard function can't do it, it may need to be customized.

Hopefully other experts can give you better advice.

Thanks.

ZHU

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ManishS 86 on at

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If you click add more depreciation books then it is possible to add another book.

One can be Company & other can be Tax.

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KasparsSemjonovs 4,774 Super User 2025 Season 2 on at

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Correct as ManishS wrote - 2 depreciation books have to be used, and in each You can provide its own calculation method. Usually for TAX book, the integration for GL is turned off - but depends on Your needs. Clarify with accounting.

Some additional info that hopefully helps:
In Fixed Asset Setup You can provide the Default Depreciation Book code, but to have values in the TAX book as well there are 2 ways:
1) On purchase / sales documents add a column "Duplicate in Depr. Book" and fill in the value for TAX book. Once invoice is posted info will be added to journal line and it has to be posted..

2) Open Depreciation book, choose actions->functions->Copy depreciation book , there You can choose From/To book code, starting/ending date and which entries You want to copy. So Depreciation = NO. Once you press ok - lines will be created in Journal, that have to posted.

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