Specific Notes - Colombia
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Types of asset management depreciation available:
| • | 50 – Linear Method |
| • | 51 – Sum of Digits |
| • | 52 – Balance reduction |
By determining that depreciation is calculated annually, the asset life, in months, must be multiple of 12.
By registering an asset, initial date of depreciation must be as follows:
| • | Registration made on the first day of the month: Depreciation is started on the same day of the registration. |
| • | Registration on any other day: Depreciation is started on the first day of the following month. |
Field concerning supplier must be compulsory because NIT must be entered in all accounting entries that come from operations with this asset.
Manual addition is only allowed for revaluation type 07 – Accelerated Depreciation.
| • | 53 – Sum of years |
| • | 54 – Units produced |
Main Features
Asset depreciation method can be changed as long as the following conditions are met:
| • | Asset is configured to be depreciated by the balance reduction method; |
| • | Depreciation total time is not completed yet. |
To change conversion method, the following options are available:
| • | Convert Depreciation: Writes off the type of management depreciation 52, transferring balance to the type of linear management depreciation 50. |
| • | Cancel Conversion: If no movement has been made yet with the type of management depreciation 50, generated through conversion of type 52, it is deleted and type 52 is reactivated. |
Cancellation of change is only allowed if the depreciation of the change month has not been calculated yet.