Fixed Assets - EBS (MOSC)

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Investment allowance in Tax Book

edited Apr 30, 2010 7:03AM in Fixed Assets - EBS (MOSC) 5 commentsAnswered
 11.5.10.02

Hi all

Is there an option or function in Fixed Asset that will allow me to take 20% investment allowance on an asset, however, this allowance must not be included in the asset accumulated depreciation. Please advice if this is possible

Cost= 200,000

Annual allowance = 22,000

Investment allowance = 40,000

Accumulated allowane= 22,000

note the investment allowance does not affect the accumulated allowance. Is it possible to do this in the Tax book.

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