Create a fixed asset with additional depreciation

In Japan, a fixed asset is permitted to post an additional depreciation amount, under certain conditions.

Use this procedure to learn how to create a fixed asset with additional depreciation profile.

In order to complete this procedure, the Fixed Assets configuration key must be selected.

This was created using the demo data company JPMF.

Create a fixed assset and assign an additional depreciation profile to it

1. Go to Fixed assets > Fixed assets > Fixed assets.
2. Click New.
3. In the Fixed asset group field, select a value.
4. In the Name field, type a value.
5. Click Books.
6. Expand the Depreciation section.
7. In the Extraordinary depreciation profile field, enter or select a value.
8. under the Extraordinary depreciation field group, enter a date
   • The additional depreciation will start from the next day of this date.
9. Click Save.