Fixed Assets Depreciation Holidays

The Fixed Asset Depreciation Holidays feature (according to the Income Tax Act – Law 586/1992 §26 part 8) enables user to discontinue depreciation for selected fixed assets and for specified periods. The system determines the depreciation schedule after the break period ends. The list of depreciation methods for which the discontinuing of depreciation has been implemented is as follows:

Straight line
Regular
Accelerated
Straight line for intangible fixed assets
Enhanced depreciation methods and straight-line methods to pick up the threads of the depreciation schedule end after the break depreciation period.

Users can open the FA depreciation book and fill in the Depreciation Interrupt and Depreciation Interrupt up to fields. The Keep Depr. Ending Date field defines if you want to maintain the depreciation schedule.

Fixed Assets Depreciation Holidays

See also