Calculate depreciation for Russia

This topic explains how to calculate depreciation for Russian fixed assets.

Calculate fixed asset depreciation

  1. Select Fixed assets (Russia) > Journals > FA journal.

  2. Select the List tab, and then select New to create a journal.

  3. In the Name field, select a journal name.

  4. In the Description field, you can change the description of the journal.

  5. Select Lines to open the Journal voucher page.

  6. Select the Overview tab, select New to open the Add to journal dialog box, and create one depreciation transaction for one fixed asset.

    Note

    To create depreciation transactions for several fixed assets, on the Journal voucher page, select Group operations > Depreciation to open the Depreciation dialog box. On the Records to include FastTab, select Filter to open the Assets dialog box, where you can set the criteria that are used to select fixed assets.

  7. In the Transaction date field, select the date of the next calculation period. If no depreciation was calculated for the previous periods, depreciation transactions are created in the journal for all months before the transaction date, except the month of the transaction.

  8. In the Transaction type field, select Depreciation.

  9. In the FA inventory number field, select a fixed asset number.

  10. In the Value model field, select a fixed asset value model. If you don't select a model, transactions for all value models are created in the journal.

  11. In the Reason code field, select a reason code. In the Reason comment field, you can change the reason for the depreciation transaction.

  12. Select OK. Depreciation transactions are created in the journal for all value models that you set up on the Value models page.

  13. Select Validate > Validate to validate the transaction details.

  14. Select Post > Post to post the journal. Fixed asset and ledger transactions are created.

Calculate or reverse depreciation by using the tax non-linear group depreciation method

You can calculate depreciation for tax accounting by using the linear depreciation method or the non-linear depreciation method. You can also calculate tax depreciation by using the tax non-linear group depreciation method. This method lets you calculate the depreciation amount that is accrued for each depreciation group or subgroup. To use this method, you specify a depreciation rate for each group, or a depreciation factor for each subgroup.

You can group the depreciation register lines by depreciation group or subgroup by using the FA depreciation (nonlinear method), IA depreciation (nonlinear method), FA - information about object, and IA - object information tax registers.

Use the following procedures to set up a depreciation method, and to calculate or reverse depreciation by using the tax non-linear group method.

Calculate fixed asset depreciation by using the tax non-linear group method

  1. Select Fixed assets (Russia) > Journals > FA journal.

  2. Select New to create a journal.

  3. In the Name field, select a journal name.

  4. In the Description field, change the description of the journal.

  5. Select Lines to open the Journal voucher page.

  6. Select Group operations > Depreciation by group to open the Depreciation by group dialog box.

    Note

    If you select Tax nonlinear group method as the depreciation method, you can't calculate the depreciation for a tax value model by using the single or group depreciation operation.

  7. In the Transaction date field, select the date of the transaction.

  8. On the Records to include FastTab, select Filter to open the Assets dialog box, and then set the criteria that are used to select fixed assets.

  9. Select OK. Depreciation transactions are created in the journal.

  10. Select Validate > Validate to validate the journal.

  11. Select Post > Post to post the journal. Corresponding fixed asset and ledger transactions are created.

Calculating a depreciation bonus

The depreciation bonus is an additional depreciation amount that is assessed during the first year for some operational asset types. Before you can calculate the fixed asset depreciation bonus, you must set up a posting profile and create an acquisition journal.

Use the Depreciation bonus page to calculate the depreciation bonus for fixed assets by using the tax non-linear group depreciation method. When you create the depreciation transactions, a depreciation bonus is calculated for every asset. The bonus amount is calculated first, and then the depreciation from the cost is calculated. This depreciation excludes the bonus. The bonus amount isn't included in the total balance of the depreciation group. For more information, see Depreciation bonuses (Russia).

Reverse fixed asset depreciation

  1. Select Fixed assets (Russia) > Journals > FA journal.
  2. Select the List tab, and then select New to create a journal.
  3. In the Name field, select a journal name.
  4. In the Description field, you can change the description of the journal.
  5. Select Lines to open the Journal voucher page.
  6. Select Group operations > Storno of depreciation to open the Storno of depreciation dialog box.
  7. In the Date of storno field, select a date for the depreciation reversal.
  8. In the Accounting field, select a fixed asset value model.
  9. On the Records to include FastTab, select Filter to open the Assets dialog box, and then set the criteria that are used to select fixed assets.
  10. Select OK. Depreciation reversal transactions are created in the journal.
  11. Select Validate > Validate to validate the transaction details.
  12. Select Post > Post to post the journal. The fixed asset depreciation transaction is reversed, and the ledger transaction is updated accordingly.

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