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Indicates the depreciation start date for the asset.

The field used to specify the depreciation type for the asset. The options are:

• Normal
• Declining Balances
• Production Quantity
• Service Year Total
  
  Default value for depreciation type is specified in System Settings module > Asset Management Defaults and Parameters.
  The type specified here is transferred as default into asset slips and invoices. Assets are displayed on the balance sheet with their cost values. The cost value consists of the invoice amount and other expenses for that asset.
  When Normal depreciation is applied, the value of the Asset is reset within a certain period of time and by means of applying equal deductions, and the record defaults to be used in calculations are specified.
  As per Turkmenistan legislation, depreciations are calculated according to the months of use. While allocating depreciation, Normal depreciation is one of the methods used in this process. While allocating depreciation, total cost of the asset is divided into the number of months for which depreciation will be calculated, and monthly depreciation amount is calculated.
  When Declining Balances is applied, the value of the Asset diminishes each year for the specified Depreciation Rate. The depreciation value of the next year is calculated over the actual value of the asset. In this way, the balance (remaining asset value) decreases each year. In the last year of the depreciation period, all the past values of the asset are allocated as depreciation, and the asset value is equalized to zero.
  As per Turkmenistan legislation, when Declining Balances is used as a method, calculation is performed over the rate. Monthly depreciation is calculated over rate and net book value respectively.
  When Production Quantity method is applied, depreciation cost of the relevant asset which will be used in production is found by calculating over a rate based on the production output of this asset.
  Service life is determined for each asset according to the services provided for the asset in the relevant unit. For instance, a transport vehicle's km value, output number of a printing machine, production quantity of a manufacturing machine etc. can be used in determination of service life.
  Depreciation amount which will be allocated for each service unit is calculated by dividing service life (mentioned above) into the net historical cost value which is calculated by subtracting historical cost of the asset from the estimated salvage value. Thereby at the end of every year (and based on the months in that year) actual service units of the asset is multiplied with the depreciation share as per each service unit, and annual depreciation that will be allocated is found.
  When the total of service unit number over years reaches the unit number of service life, depreciation share is no longer calculated.
  
  When Service Year Total is applied, depreciation subject to fixed asset is calculated by multiplying by rates determined over the numeric total of years of which depreciation share is to be allocated.
  
  According to this method, depreciation calculations are done over yearly values. Monthly depreciation values are calculated as 1/2 of the annual value.

It is selected from list to display the depreciation rate automatically by the values specified by Revenue Administration. The Depreciation Rate and Duration fields are filled automatically.

The rate used to calculate the depreciation share. The rate entered here is transferred as default into purchase slips.
The depreciation rate for normal depreciation method is 20%, while the rate for decreasing balances (in other words, accelerated depreciation) is 40% minimum.
As of January 1, 1995, depreciation rate will be 25% and %50 for fixed assets according to normal depreciation method and declining depreciation methods respectively.
As per Turkmenistan legislation, depreciation allocated to the assets is not calculated over rates but months, and when depreciation period is selected as Month, rate is not specified.

The period between the start and end of depreciation allocation for the asset. The depreciation duration calculated using the selected depreciation type and the specified depreciation rate is automatically transferred into this field. The options are Year and Month. According to Turkish legislation, the "Year" option is used.
As per Turkmenistan legislation, period of redemption is specified as Month. Depreciations are calculated by months of use, not by rates. After selecting the Month option in this field, the Depreciation Rate cannot be specified.
For the assets of which period of redemption is specified as Month, daily depreciation is calculated for the assets that are purchased in the middle of the month and that will be amortized as of purchase date.

This field is used to specify whether the asset will be revaluated. Revaluation can be applied to tangible assets that are subject to depreciation. Companies that keep books according to the balance sheet method, and companies that have abroad operations can re-valuate their domestic assets. When revaluation is performed, assets are displayed on the balance sheet with high values, and depreciation can be allocated through revaluated values. The revaluation factor is defined by the Ministry of Finance and updated yearly. Revaluation is performed separately for each fixed asset. Fixed assets purchased within the same year cannot be revaluated.

Indicates whether depreciation will be applied to revaluation amounts. The selection made here is transferred as default into fixed asset invoices.

Pro-Rata Depreciation indicates the depreciation calculation performed by processing the number of months from the date of purchase to the end of the year. Pro-rata depreciation is currently applied to passenger cars only. All Fixed Assets other than passenger cars are subject to yearly depreciation. Only half of the surcharges for vehicles are accepted as expenses. Expenses increasing the economic value of the vehicle are included in the original cost. Maintenance expenses are not included in cost.

The investment discount scope of the asset. The parameter contains the Yes and No options.

Indicates the discount rate to be applied for assets covered by investment discount.

While calculating depreciation amount, utilized production capacity is entered when the depreciation type is production quantity.

Unit information of the production capacity is entered in this field.