French Fixed Assets Over Depreciation
All,
The following issue is being faced by my Client;
There is a new incentive from the French government that allows to depreciate more than the asset value
Use case :
Asset GBV = 100
Corporate and legal book : Straight line over 5 years
Tax allows to depreciate 40% more than the asset value
| corporate | Tax | allowed additional tax deduction | |
| Gross book value | 100 | 100 | |
| year 1 | 20 | 28 | 8 |
| year 2 | 20 | 28 | 8 |
| Year 3 | 20 | 28 | 8 |
| Year 4 | 20 | 28 | 8 |
| Year 5 | 20 | 28 | 8 |
|
| 40 |
Can this be managed in Fixed Asset?
Thanks