SK Straight-line depreciation

For correct functioning of the SK tax straight-line depreciation, it is recommended to setup the depreciation method based on these parameters in the Depreciation Method (tffam7110s000) session:

  • Depreciation Method = Slovak Depreciation
  • Avg. Convention = Period in Service
  • Disposal Conventions = Previous Year
  • Tax Method Type = N/A
  • Rate Table Type = Yearly
  • Class Life YY/MM

You can set up the yearly rates in the Yearly Rates (tffam7165m000) session and use these rates to calculate the depreciation of the asset. You can access this session using the Yearly Rates option from the References menu in the Depreciation Method (tffam7110s000) session.