Japan Depreciation Methods
The following depreciation methods, specific for Japan, are also available:
The Final Period Convention for Japan depreciation methods is set to Value Based to extend the depreciation beyond the asset's life. Assets are marked Fully Depreciated if the Current Net Book Value equals 1 JPY. This doesn't apply to Japan Special Depreciation.
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Japan Straight Line
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Japan 250% Declining Balance
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Japan 200% Declining Balance
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Japan Old Straight Line
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Japan Old Declining Balance
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Japan Special Depreciation
For Japan depreciation methods, you must set the Residual Value to 1 JPY on your asset record to ensure the depreciation amount is calculated correctly. When calculating depreciation, the residual value is deducted from the last year’s depreciation amount. If the Depreciation Rule is set to Pro-rata, asset's won't depreciate until the end of their life. Instead, the asset continues to depreciate until it reaches its residual value.
You can use annual depreciation methods, like 150DB and 200DB, to generate depreciation journal entries. For example, you can create asset types with 150DB and 200DB as the default accounting method, which will be carried over when an asset is created.
Some of these methods are described in more detail in the following topics.
Related Topics
- Preconfigured Depreciation Methods
- Nordic Countries and Benelux Methods
- Asset Usage (Asset Activity) Depreciation Method
- Fixed Declining (Declining Balance) Depreciation Method
- Straight Line Depreciation Method
- Sum of Years' Digits Depreciation Method
- Straight Line Remaining Depreciation Method
- Sum of Years/Straight Line Depreciation Method
- 150DB and 200DB Depreciation Method
- 4–4–5 Calendar Depreciation Method