Austrian standard depreciation method description
This document is an appendix to the documentation on the setup of Depreciation methods.
In standard, Sage X3 comes with a number of depreciation methods.
Some are associated with a given legislation, while others are common to all legislations.
This document describes the calculation principles of the depreciation methods associated with the Austrian legislation.
The other methods are described in appendix documentations, which can be accessed from the documentation on the depreciation methods common to all legislations.
AUTLHY - Austrian linear half-year
The Austrian half-year depreciation method considers whether an asset is put into operation in the first half or in the second half of the fiscal year.
- Assets put in service in the first half of the year are depreciated with the full year's depreciation amount in the first year.
- Assets put in service in the second half of the year are depreciated with only half of the year's depreciation amount in the first year.
The same principle applies when an asset is sold or disposed of.
Depreciation origin
The start date is not used to determine the charges. A charge is calculated for each period as long as the net depreciable value does not equal 0. That is, as long as the depreciation end date has not been reached.
Duration
You must enter the duration in years and in hundredths of years.
Rate
The rate is always equal to 0 and cannot be modified.
Depreciation end date
If the pro rata calculation method is specified when creating the asset, the depreciation end date is determined as follows:
Acquisition of the asset in the first half of the fiscal year
Total depreciation periods (in month) – In service date (month) + 1 month – 1 day
Example
A cash register is put into service on 02.02.2018. According to the official Austrian depreciation table, the useful life is 5 years.
Total depreciation periods = 5 * 12 months
Month asset put in service (02.02.2018) = 2 month
60 month – 2 month + 1 = 59 months
01.02.2015 + 59 month + 1 day = 31.12.2020
Acquisition of the asset in the second half of the fiscal year
Total depreciation periods (in month) – In service date (month) + 1 month + 6 months – 1 day
Depreciation start date is always the first date of the month, the Depreciation end date always corresponds to the end of a month.
Example
A cash register is put into service on 02.10.2018. According to the official Austrian depreciation table, the useful life is 5 years.
60 month – 10 months +1 month + 6 months – 1 day = 57 months
01.10.2015 + 59 month – 1 day = 31.12.2020
Depreciation charge
Annual depreciation charge
Acquisition of the asset in the first half of the fiscal year
Net depreciable value / Duration (useful life) in years
Acquisition of the asset in the second half of the fiscal year
First year – (Net depreciable value / Duration (useful life) in years) / 2
Second year - Net depreciable value / Duration (useful life) in years
Last year – (Net depreciable value / Duration (useful life) in years) / 2
Monthly depreciation charge
Acquisition of the asset in the first half of the fiscal year
First year - (Net depreciable value / Duration (useful life) in years) / Month in service in the first year
Subsequent years - Net depreciable value / Duration (useful life) in years) / 12
Acquisition of the asset in the second half of the fiscal year
First year – ((Net depreciable value / Duration (useful life) in years) / 2) / Month in service in the first year
Subsequent year - Net depreciable value / Duration (useful life) in years / 12