Value 3 Advanced Depreciation and Reduction Depreciation Settings

The first fiscal year in which advanced depreciation is to be calculated for the asset.

The whole number of years for which advanced depreciation can be applied to the asset.

The amount by which SunSystems must multiply the standard depreciation amount in order to calculate the advanced depreciation amount. For example, enter 1 if advanced depreciation is the same amount as the standard depreciation, (thus doubling the total depreciation).

This check box determines whether or not the asset is to be included in the advanced depreciation calculation for the current year. Check the check box to include the asset in the calculation. Normally, this should be checked if the current year is within the time frame defined by the Report Apply From and the Report Term of Years options. Alternatively, leave the check box blank to exclude the asset from the calculation. You can also use Asset Advanced Depreciation Selection (FDA) to check or to uncheck this check box for a number of assets. You cannot run advanced depreciation in the same year as reduction depreciation for an asset.

Displays the year in which the previous advanced depreciation posting was made for this asset.

The percentage by which both the standard depreciation and advanced depreciation are reduced in the first year of depreciation.

The percentage by which the standard depreciation rate is reduced for the current year when running Asset Reduction Depreciation Calculation (FAR). Enter a percentage for this asset, or use Asset Reduction Depreciation Selection (FDR) to enter a reduction percentage on a number of assets. Leave this option blank if you do not want a depreciation reduction for the asset in the current year. You cannot run reduction depreciation in the same year as advanced depreciation for an asset.

Displays the year in which the previous reduction depreciation posting was made for this asset.