How can I setup assets in AssetAccountant™ that have non-standard depreciation rules I need to apply?

For example:

Assets that may require to be depreciated 40% in Year 1, and 20% in Years 2-4.

Furthermore, what if there are different treatments for tax and accounting purposes?


Using AA's 'Adjustments' functionality.

Adjustments allow you to adjust Depreciation at the beginning and end of a financial year. 

So, for example, you could:

  • set the Depreciation method for Tax to 'No Depreciation' at First Use
  • add an Adjustment for Tax at the end of YEAR1 for 40%
  • add an Adjustment for Tax at the end of YEAR2 for 20% etc

It's also possible to add notes to each adjustment, as pictured below: