[Jimmy Stewart]

We are currently using AX2012 R2/CU7 for book fixed assets and depreciation; however, using another solution for federal and state tax depreciation.  We’d like to simplify by only entering data once…   We have 98,000 assets, so it’s no small task in any system!  

How are other companies calculating tax depreciation?!?  

Thanks for your input.

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Jimmy Stewart
Director, Financial Operations
Shentel

Chapter Leader – AXUG Virginia (Richmond)
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[Ludwig Reinhard]

Hello Jimmy,
I can only speak for companies operating mainly in Europe.
Here we do all the depreciations in Dynamics for local GAAP, IFRS and tax purposes by using different books/value models.
Best regards,
Ludwig

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Ludwig Reinhard
Sycor
Goettingen
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[Bradley Bertchie, PMP]

This is pretty straight forward.

1 – Create a journal for tax basis and select the posting layer to be tax
2 – Add the tax books to your assets
3 – Acquire the assets for tax basis using the journal in step 1
4 – Run your tax basis depreciation

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Bradley Bertchie, PMP
D3FO Project Manager / Financial Functional Consultant
Edgewater Fullscope
Denver CO
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[Najeem JanatAli]

HI Jimmy

please can you share Tax depreciation rates set up for Fed & State, I am planing to set up Tax depreciation for demo purpose and looking for tax rates

please advise

thanks and kind regards

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Nazim Lalji

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