Global tax cost/rate copy is used to perform global changes to the asset purchase tax cost and tax depreciation rate.
The user can select a group of assets that require the tax values updated.
- copy purchase cost to tax cost
- copy purchase depreciation rate to tax depreciation rate
Selections allow for a straight copy or copy only if the tax details are zero. Thus, if any field is already filled and you wish to skip it select the third option. The change is carried by a nominated asset group and only for those assets with a purchase date greater than the entered date.
- In the menu, expand Other Modules > Fixed Assets > Entry and double-click Global Tax Cost/Rate Copy. FAO015 Global Tax Cost/Rate Copy panel appears.
- Enter the following information for the required changes.
| Field | Description |
| Asset group | Indicate the particular group to which an asset belongs. Leave the field blank to select all Asset Groups. |
| Effective date | This date on which the change will become effective is mandatory. |
| Copy purchase cost | Select whether to copy the purchase cost. The choices are either to copy, not to copy or copy only if the tax cost is zero. |
| Copy depreciation rate | Select whether to copy the depreciation rate. The choices are either to copy, not to copy or copy only if the tax rate is zero. |
- Click OK to save the changes.
