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Depreciation Accounting

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Depreciation

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The accounting procedure will update the fixed asset records (by adding the Posted flag and consequently updating the value of the depreciation fund and the net book value) and will register the related depreciation movements in accounting.

In order for the procedure to be successful, the following must be met:

Non-Deductible Depreciation

At the bottom of the form, there is the flag Use non-deductible account.
The value (ON / OFF) of the flag can be predefined in the asset parameters.

If active, the non-deductible portion of the depreciation will be automatically recorded in the specific account that has been defined within the table of asset categories.

The percentage of non-deductibility of the depreciation is defined through the field Deductibility type, also within the asset categories.