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Zero NBV for Decling balance method

in Assets 7 comments

We have the following configuration, one corporate book and two tax books.

Tax book 1 which represents the Finnish local tax book and Tax book 2 represent the official asset book for tax reporting.

The same assets exists in both asset books bot some assets have different depreciation method. In tax book 1 all assets uses STL depreciation and in the second tax book some assets uses declining balance method depreciation. The declining balance method depreciates based on a given percentage of the NBV by the start of the year and have no useful life assigned.

1. Is it possible to control in the system that the system depreciate the asset to zero at the same time as the asset in tax book 1 which uses STL and have a specified useful life?

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