Fixed asset - New Zealand Investment boost setup
I'm trying to apply the new NZ Investment Boost tax incentive in JDE for a newly acquired fixed asset, but I'm unsure how to correctly set up the depreciation rule to reflect the additional 20% deduction allowed in the first year.
Has anyone implemented this in JDE yet? Specifically, I’m looking for guidance on:
- How to configure the depreciation method to include the extra 20% upfront deduction
- Whether this should be handled via a separate depreciation rule or a manual journal entry
- Any best practices or pitfalls to watch out for
Appreciate any advice or examples you can share!