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Tax Depreciation to be changed from 100% to 25% in each Financial Year

Former Member
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Hi Gurus,

there was a change in law, which made the tax depreciation from 100% in Financial Year to 25%. we had set up our Depreciation area 15 with GWG Depreciation key which is 100% depreciation area. Now we have to change this to 25% for all asset capitalised in this year. so my question is how to change it from 100% to 25% for asset and what about assets already capitalised.

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Answers (1)

Answers (1)

former_member205041
Active Contributor
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Hi,

I you change the depreciation key, this changing will have a effect for al open fiscal years (for already capitalized assets).  So you can change the settings in the depreciation key or you can change the depreciation key, for example with mass change.

best regards Bernhard

Former Member
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Hi,

Thanks for your reply. I tried it but i am confused about the depreciation key to use. as i want the depreciation for Depreciation area 16 to be done in 4 Financial year, irrespective of date of capitalisation. e.g. Asset capitalised on 31/3/2014, then 25% in FY 2014 and 25% in next three Financial year.

Thanks,

Vinay