DUAL-METHOD ASSET DEPRECIATION

Lets you keep, for the same fixed asset, two independent, parallel depreciations: one accounting-based (IFRS) and one tax-based, each with its own method, term, accounts, and journal, since the law and accounting standards do not always require depreciating an asset the same way for financial purposes as for tax purposes. Includes an asset report that shows both depreciations and a wizard to modify the IFRS depreciation, the tax depreciation, or both at once (for example, when changing an asset's useful life or residual value). Lets the company comply simultaneously with accounting standards and tax regulations without duplicating asset record-keeping work.