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Depreciation of tangible and FIA To account for the depreciation of fixed assets and FIA using the same

analytics used for keeping records of assets, but synthetic expense accounts 241 - Depreciation of fixed assets and expense 242 - Amortization of intangible assets.

Using an analytical two accounts have synthetic loading initial balances Plus Minus synthetic accounts of groups 20, 21 and 24, and analytics to them to make a screen Chart of accounts balances analytical features.

For the purpose of accounting of fixed assets and accrual accounting and tax depreciation for each asset must complete the relevant parameters in his chart.

Screen is called Operation menu / Fixed assets / Board of YES.

Upon initial introduction of asset in his chart should fill in all parameters. A full description of them can be found in the Help screen to the Board of YES (started by selecting the Help button).

Taking into account depreciation of YES is essential understanding of the concepts:

Shelf Life - The period during which it is assumed that the depreciable asset will be used.

The depreciated value - The value of depreciable assets subject to amortization over its estimated useful life.

Depreciation allowances - part of the depreciable amount, which is allocated between reporting periods.

Depreciation rate - ratio of depreciable amount approved for 100 and expiry date in years.

Depreciation method - the way it determines the amount of depreciation in each period in the shelf life of the asset. Usually there are three groups of depreciation methods:

linear (proportional) method; degressive nonlinear methods; Nonlinear advances. Residual value - estimated value, which is expected to be received from a depreciable asset on the expiry of his life after removal from service.

Under IFRS depreciation of the asset from the moment in which it is available for use, ie when the location and condition necessary for its operation in the manner intended by management of the company. If this method is selected, the amortization begins from the day following the date of commissioning.

According to the National Financial Reporting Standards for Small and Medium Enterprises shall start at the beginning (first day) of the month following the month of commissioning.

Accounting in itself is plus or minus of Operations / Fixed Assets / Depreciation at the touch of a button charge.

Done accounting transactions are recorded by pressing posted. Intended Print button to print a table of operations.

It should not be forgotten that the deletion of depreciation is also from this screen. Absolutely erroneously deleted from the log of operations.

For tax purposes, the depreciable assets are divided into the following categories:

Category I - massive buildings, including buildings accounted for as investment property, equipment, transceivers, holders of power, communication lines; Category II - machinery, industrial equipment, apparatus; Category III - vehicles other than cars, surfacing of roads and runways; Category IV - computers, peripherals, software and right to use the software;

Category V - cars depreciable asset under 1, item 55, letter "f" of additional regulations; Category VI - all other depreciable assets; Category VII - intangible assets for which there are legal restrictions on the period of the asset For tax purposes, depreciation rates are determined once per calendar year and may not exceed the following amounts:

According to CITA each company shall charge and tax depreciation and tax depreciation schedule leads.

Of tax depreciation from the beginning of the month in which the tax depreciable asset is placed in service and the annual tax depreciation is calculated using the following formula:

GDA DAS * = * ARTD M/12, where:

ATA's annual tax depreciation; DAS is tax amortized cost; ARTD's annual tax depreciation rate determined under Art. 55, para. 2 and 3; M is the number of months. At the end of the year in determining taxable profit accounting expenses for depreciation for the current period are added to the taxable income and tax accrued depreciation costs reduce it.

Therefore, an entity must keep the tax and accounting depreciation plan to compare the tax and accounting depreciation.

This is the result of many references that can be called from the Reports / Fixed Assets.

In the annual tax return of art. 92 of CITA is automatically calculated taxable income, adjusted by the amount of expenses for accounting and tax depreciation.

Accounting amortization schedule displays the information for accounting parameters and accumulated depreciation accounts for the year and month for all depreciable assets. Period is chosen from a dropdown menu. Off assets that are fully depreciated in prior periods are not included in the report. There will be filter by category and account.

Tax Depreciation Schedule displays the information for the tax parameters and tax amortization for selected years for all tax depreciable assets. There are all the necessary elements under Art. 52, para. 3 of CITA. Off assets that are fully depreciated for tax purposes in prior periods are not included in the report. There will be filter by category and account group 20.

Comparison accounting / tax depreciation shows the difference between the accrued accounting and tax depreciation for a selected period. There will be filter by category and all of the town 20.

Combined report displays summary information for depreciable assets accounting and tax depreciation schedule.

Accrued depreciation - shows accumulated accounting depreciation in years and months each year.

Tax depreciation in years - displays information about the tax amortization in years.

Inventory - shows the fixed assets Mall.

Inventory - displays information about the assets brought in a bill from the city 20. Account is selected in advance by the drop down menu.

Disposals - displays information about the assets written off over the period of the CT or SAP.

Consumer report - displays information selected by the user parameters, it is possible to specify the number of the column in which to display information for the selected parameter