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  1. Fixed Assets | Depreciation - Update depreciation rate (AU)

    21 votes

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    5 comments  ·  Reports & tax » Fixed Assets  ·  Admin →
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    Gaining Support  ·  AdminDavina Roper (Admin, Xero) responded

    Thanks for the continued support for this idea, community. Currently NZ organisations can change an asset’s depreciation rate for future periods by adding a new adjustment period in Fixed Assets, without altering previous depreciation journals. See Add, edit or delete depreciation settings for guidance.

    We recognise this remains an opportunity for AU organisations, where this capability isn’t currently available, and we'll continue to monitor interest in extending this to other markets. We'll share if there are any plans made around this, here.


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    Shannon Hay commented  · 

    Would also assist in the instance of increasing or decreasing the remaining useful life (compared to writing off). Thanks

    Shannon Hay supported this idea  ·