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