Hi Peter hope you’re doing well, Can you please explain me how the depreciation calculated in Bullet? Is Depresiaton and CAPITAL ALLOWANCE are a same things? The capital allowance in Ireland is 12.5% per year and the calculation of depreciation is different. Can you please clarify this for me . Thank you very much indeed Irina

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Hi Peter hope you’re doing well,
Can you please explain me how the depreciation calculated in Bullet? Is Depresiaton and CAPITAL ALLOWANCE are a same things? The capital allowance in Ireland is 12.5% per year and the calculation of depreciation is different. Can you please clarify this for me .
Thank you very much indeed
Irina

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Peter Connor ⋅ Staff November 16, 2016
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Hi Irina, I’ll get this clarified for you. Tks. Pete.

#answer-4400
  1. Peter Connor November 16, 2016
    Hi Irina,
    The depreciation in Bullet is a standard fixed asset straight-line depreciation function. It doesn't automatically do capital allowances, as that area can be quite complex. That's something you're account could help you with.
    John.

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