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Tax Book Asset Depreciation - Fully depreciate for the year of purchase while no depreciation for di — Cloud Customer Connect
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Tax Book Asset Depreciation - Fully depreciate for the year of purchase while no depreciation for di

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edited Apr 9, 2020 12:00PM in Assets 2 comments

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Hi, 

In the corporate book assets are depreciated on a "Daily Basis". However there is a new requirement as per the tax laws, that assets should be depreciated as "Fully depreciate for the year of purchase and no depreciation in the year of disposal"

Please advice how to cater this in the system. 

 

Best Regards,

Vipusha

Version

20A (11.13.20.01.0)
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