(CZE) Apply half-yearly depreciation for tax purposes [AX 2012]

Updated: October 16, 2012

Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2

When a fixed asset is sold or otherwise disposed of, you can apply half the yearly depreciation for the asset for tax purposes. This half-yearly depreciation can be applied regardless of the disposal date.

Use the Regular CZ and Accelerated CZ depreciation methods to apply half-yearly depreciation for a fixed asset.

  1. Click Fixed assets > Setup > Depreciation > Depreciation profiles.

  2. Click New to create a depreciation profile.

  3. In the Method field, select Regular CZ or Accelerated CZ.

  4. In the Depreciation year field, select Calendar as the basis for the calculation of depreciation.

  5. In the Period frequency field, select Yearly.

After you set up the depreciation methods, you can apply half the yearly depreciation for assets that were disposed of.

  1. Click Fixed assets > Journals > Fixed assets.

  2. On the Overview tab, click New to create a journal, and then enter the required details.

  3. Click Lines to open the Journal voucher form.

  4. Create a journal line for the fixed asset that was disposed of or sold.

  5. Click Proposals > Depreciation proposal to open the Depreciation proposal form.

  6. In the To date field, enter the journal date.

  7. Select the Calculate half-year depreciation amount check box to calculate half-yearly depreciation. When this check box is selected, the yearly depreciation amount is divided by two and rounded according to the round-off setup for the depreciation book.

  8. Optional: Select the Summarize depreciation check box to summarize the calculated depreciation for each fixed asset or for each value model.

  9. Click OK to close the Depreciation proposal form.

  10. Post the journal.

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