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Double Declining Balance Depreciation

  • 1.  Double Declining Balance Depreciation

    Posted Jan 09, 2020 05:01 PM
    #D365 Business Central #Depreciation #Double Declining Balance

    We are trying to run double declining balance tax depreciation.  When we try to select under depreciation method Declining-Balance 1 or Declining-Balance 2, we get an error message "Depreciation Method must not be declining Balance-1 in FA Depreciation Book FA NO=F00***, FA Depreciation Book Code=Tax".

    We are able to select Straight-Line, DB1/SL & DB2/SL as Depreciation Methods.  However, these methods are not calculating a double declining balance; they all calculate a straight line depreciation.

    How can we enable the Declining Balance 1 or 2 Depreciation Methods.​

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    Judy Turk
    J&L Laboratories, LLC
    Houston
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    Academy - Online Interactive Learning from Experts


  • 2.  RE: Double Declining Balance Depreciation

    TOP CONTRIBUTOR
    Posted Jan 09, 2020 05:31 PM
    Judy,

    Based on this error (that is not very helpful error by the way,) it appears you may be trying to save the record with a Depreciation End Date or by setting No. of Years. If I remember correctly, for Declining Balance you need to define a Depreciation Starting Date and Declining-Balance %. Please test and let me know if this is the issue.
    FA dep book


    Thanks,


    ------------------------------
    Cynthia Priebe
    New View Strategies
    "The NAV & BC training and process experts"
    ------------------------------

    Academy - Online Interactive Learning from Experts


  • 3.  RE: Double Declining Balance Depreciation

    Posted Jan 09, 2020 09:28 PM
    Cynthia,

    Thank you so much!  I totally overlooked the Declining Balance Percentage.  Worked like a charm.

    ------------------------------
    Judy Turk
    J&L Laboratories, LLC
    Houston
    ------------------------------

    Academy - Online Interactive Learning from Experts


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