Fixed assets depreciation holidays in the Czech version
The Fixed Asset Depreciation Holidays feature (according to the Income Tax Act – Law 586/1992 §26 part 8) enables user to discontinue depreciation for selected fixed assets and for specified periods. The system determines the depreciation schedule after the break period ends. The list of depreciation methods for which the discontinuing of depreciation is implemented as follows:
- Straight line
- Regular
- Accelerated
- Straight line for intangible fixed assets
- Enhanced depreciation methods and straight-line methods to pick up the threads of the depreciation schedule end after the break depreciation period.
Users can open the FA depreciation book and fill in the Depreciation Interrupt and Depreciation Interrupt up to fields. The Keep Depr. Ending Date field defines if you want to maintain the depreciation schedule.
See also
Fixed Asset Localization for Czech (Extension)
Czech Local Functionality