Tags » Fixed Asset

Fixed Asset: Special Depreciation Allowance: AX R3

Governments occasionally allows business to take on the extra depreciation on few fixed assets for the purpose of tax. These deductions called Sec 179 or bonus deduction are an incentives to business to capitalize on their investments in equipment and property. 474 more words

AX

Posting Groups #20 – FA Write-Down and Appreciation

When you want to change Fixed Asset value, you can do it on few ways. In this post, I will show you how you can do it using Write-Down and Appreciation in what will be results of these postings in G/L entry, based on posting groups you use. 140 more words

Microsoft Dynamics NAV

Posting Groups #18 – FA Sales Posting

If we want to sale our fixed assets, it is a similar process as FA purchasing, but in opposite direction. In this situation, system uses customer posting group, VAT and general posting groups and FA posting groups. 201 more words

Microsoft Dynamics NAV

Posting Groups #17 – FA Reclassification Journal Posting

If we need to transfer, split up or combine our fixed assets, we can do it using the FA reclassification journal. In my following example, I split up my existed FA, but everything is almost the same in other examples. 47 more words

Microsoft Dynamics NAV

Posting Groups #16 – FA Depreciation Posting

Depreciation is a method of allocating the cost of a Fixed Asset over its useful life. In NAV for this purpose, you can run batch job Calculate Depreciation. 32 more words

Microsoft Dynamics NAV

When is a tax deduction allowed on property acquisition?

Acquisition costs need to split into capital and revenue expenses.

“Several tests have been developed through case law to ascertain whether expenditure is revenue or capital in nature. 237 more words

Expenses