The Depreciation Parameters page is used to record the parameters to be used in asset records and related depreciation calculations.
Depreciation Start |
Indicates the depreciation start date for the asset. |
Depreciation Type |
The field used to specify the depreciation type for the asset. The options are:
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Depreciation Rate |
The rate used to calculate the depreciation share. The rate entered here is transferred as default into purchase slips. |
Depreciation Period (Year) |
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. |
Revaluation |
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. |
Revaluation Depreciation |
Indicates whether depreciation will be applied to revaluation amounts. The selection made here is transferred as default into fixed asset invoices. |
Pro-rata Depreciation |
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. |
Extended Investment Discount |
The investment discount scope of the asset. The parameter contains the Yes and No options. |
Investment Discount Rate (%) |
Indicates the discount rate to be applied for assets covered by investment discount. |
Production Capacity |
While calculating depreciation amount, utilized production capacity is entered when the depreciation type is production quantity. |
Capacity Unit |
Unit information of the production capacity is entered in this field. |