In the following article, we will show you which "depreciation group" to select when applying extraordinary depreciation for depreciation groups 1 and 2.
This extraordinary depreciation option applies to tangible assets classified in the first and second depreciation groups that were acquired between January 1, 2020 and December 31, 2021. Assets in the first depreciation group are depreciated without interruption over 12 months, on a straight-line basis up to 100% of the acquisition cost. Assets in the second depreciation group are depreciated over 24 months — during the first 12 months, straight-line depreciation is applied up to 60% of the acquisition cost, and during the following 12 months, straight-line depreciation is applied up to 40% of the acquisition cost. This depreciation may only be claimed by the first owner of the asset, and special record-keeping methods are required.
The extraordinary depreciation described above relates to tax depreciation (depreciation that appears in the tax return) — accounting depreciation remains unchanged. Accounting depreciation of assets (posted in the accounting records) reflects how the asset deteriorates over time.
