Create a fixed asset with additional depreciation (Japan)

Note

We will not be accepting edits to this topic, because it is generated from a business process in Lifecycle Services.

In Japan, a fixed asset is permitted to post an additional depreciation amount, under certain conditions.

Use this procedure to learn how to create a fixed asset with additional depreciation profile.

In order to complete this procedure, the Fixed Assets configuration key must be selected.

This was created using the demo data company JPMF.

Create a fixed asset and assign an additional depreciation profile to it

  1. Go to Fixed assets > Fixed assets > Fixed assets.
  2. Click New.
  3. In the Fixed asset group field, select a value.
  4. In the Name field, type a value.
  5. Click Books.
  6. Expand the Depreciation section.
  7. In the Extraordinary depreciation profile field, enter or select a value.
  8. under the Extraordinary depreciation field group, enter a date
    • The additional depreciation will start from the next day of this date.
  9. Click Save.