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Tax Depreciation Aligned with Accounting Depreciation

Can Flexi generate accounting depreciation identical to tax depreciation when the depreciation start date is not the 1st day of the year?

Written by Lenka Haringerová

Flexi cannot generate such depreciation automatically. However, it is possible to make a manual adjustment to the relevant accounting depreciation entries.

If we adjust the accounting depreciation amounts so that the annual total exactly matches the annual tax depreciation amounts, any accounting depreciation extending beyond the last tax depreciation period will be set to zero — resulting in identical depreciation figures overall.

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