Adding Japan Special Depreciation Details
If your asset uses the Japan Straight Line or Japan Declining Balance depreciation methods, you can apply special depreciation. You can enter the special depreciation information from the Asset record page.
Make sure that the Custom Transactions feature is enabled on your account.
To enter special depreciation details:
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Go to Fixed Assets > Lists > Assets.
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On the FAM Asset List page, click Edit next to the asset record where you want to add a special depreciation.
Note:Make sure the asset uses the Japan Straight Line, Japan 200 DB, or Japan 250 DB depreciation method.
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On the Asset record, click Special Depreciation.
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On the Special Depreciation page, enter values for the following fields:
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Date - Enter the date of the special depreciation.
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Special Depreciation Rate - Enter the percentage of acquisition cost allowed for the special depreciation limit.
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Special Depreciation Limit – Enter the maximum special depreciation amount you can apply to the asset.
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Special Depreciation Amount – Enter the special depreciation amount applied for the year.
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Applied Term 1 – Enter the article where the special depreciation is documented.
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Applied Term 2 - Enter the term where the special depreciation is documented.
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Special Depreciation Shortage - This field shows the Special Depreciation Limit minus the Special Depreciation Amount. This field is available if you're entering special depreciation for the succeeding years.
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Click Save.
The system uses the same account to record the special depreciation and regular depreciation. The special depreciation amount reduces the net book value.
A new DHR type called Special Depreciation is created, and the FAM Special Depreciation Entry is attached to it.