Define Assets for Group Tax Depreciation

Define assets for group tax depreciation

  1. Go to Fixed Assets > Lists > Assets.

  2. Select the asset record to include in the group depreciation.

  3. On the Asset Record page, click the Depreciation History subtab.

  4. Click New FAM Alternate Depreciation Method.

  5. In the Alternate Method field, select the group tax depreciation method that you created. You'll notice that Group Depreciation is already checked.

  6. Enter the Book Value (NBV).

  7. Enter or edit values in the other fields.

  8. Click Save.

  9. Repeat steps 1 to 8 for each asset in the subsidiary until the group is complete.

Related Topics

General Notices