The investment boost should not be included if the purchase date of the asset is before 22 May 2025
The investment boost should not be included if the purchase date of the asset is before 22 May 2025. I have tested this and if you choose the option for investment boost, Xero still applies investment boost to the asset despite the purchase date of the asset being before the entitlement date. This seems a lot easier to fix than a lot of improvements made to Xero.
Nicola Pollard
shared this idea
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Barbara Gailey
commented
There should also be an option when adding the asset to post Investment Boost to a separate code rather than mixing it up with depreciation.
Depreciation is supposed to represent the gradual wear and tear of an asset. Investment Boost is a government incentive unrelated to wear and tear. It's helpful to show them separately (without a manual journal).