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ReportWhat is the procedure to calculate bonus depreciation for tax purposes in NAV.
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What is the procedure to calculate bonus depreciation for tax purposes in NAV.
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Hi
The answer is to create a FA journal or FAGL journal line (Depending on if you have GL integration turned on or not)
Add the FA Number, leave the document type blank and specify the FA Posting type as depreciation, fill in the amount & Balancing GL account if you are in the FAGL journal
When you post this will post as depreciation
Just remember that the balance on the fixed asset is being depreciated over the term, if you manually deduct depreciation you will affect the remaining amount to be depreciated (Less each period now) and possibly the amount for this period (Nothing for this period as it has already been posted) depending on the date you use on the journal
Cheers
Neville
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