title | description | author | ms.author | ms.topic | ms.date | ms.reviewer | audience | ms.search.region | ms.search.validFrom | ms.search.form | ms.dyn365.ops.version |
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Half year depreciation on fixed asset disposal for the Czech Republic |
Learn how to set up half-yearly depreciation, so that you can apply half the yearly depreciation for fixed assets that are sold or otherwise disposed of. |
EvgenyPopovMBS |
evgenypopov |
article |
10/31/2017 |
johnmichalak |
Application User |
Czech Republic |
2016-11-30 |
AssetDepreciationProfile |
Version 1611 |
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This article explains how to set up half-yearly depreciation, so that you can apply half the yearly depreciation for fixed assets that are sold or otherwise disposed of.
When a fixed asset is sold or otherwise disposed of, you can apply half the yearly depreciation for the asset, for tax purposes. This half-yearly depreciation can be applied regardless of the disposal date.
Use the Regular CZ and Accelerated CZ depreciation methods to apply half-yearly depreciation for a fixed asset.
- Click Fixed assets > Setup > Depreciation > Depreciation profiles.
- Click New to create a depreciation profile.
- In the Method field, select Regular CZ or Accelerated CZ.
- In the Depreciation year field, select Calendar as the basis for the calculation of depreciation.
- In the Period frequency field, select Yearly.
After you set up the depreciation methods, you can apply half the yearly depreciation for assets that were disposed of.
- Click Fixed assets > Journals > Fixed assets.
- On the Overview tab, click New to create a journal, and then enter the required details.
- Click Lines to open the Journal voucher page.
- Create a journal line for the fixed asset that was sold or otherwise disposed of.
- Click Proposals > Depreciation proposal to open the Depreciation proposal page.
- In the To date field, enter the journal date.
- Select the Calculate half-year depreciation amount check box to calculate half-yearly depreciation. When this check box is selected, the yearly depreciation amount is divided by two and rounded according to the rounding setup for the depreciation book.
- Optional: Select the Summarize depreciation check box to summarize the calculated depreciation for each fixed asset or for each value model.
- Click OK to close the Depreciation proposal page.
- Post the journal.
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