Tax depreciation
According to the Income Tax Act No. 595/2003 Coll., a taxpayer may apply annual depreciation in the first year of depreciation only in an amount corresponding to the number of calendar months in which the property was used to secure income.
Depreciation reduction setting in the 1st year
- Choose the
icon, enter Fixed Asset Setup and then choose the related link. - Check the box Depreciation Reduction First Year.
- Confirm with OK.
Calculation of depreciation
- Choose the icon, enter SK Calculate Depreciation and then choose the related link.
- In the fields of the window that appears, enter the parameters for depreciation. Do not activate the Use Force No. of Days field, and do not enter a value in the Force No. of Days.
- Confirm with OK.
Note
On the FA card in tax FA Depreciation Books enter the first day of the month in the Starting date of depreciation field.