Italy Complete (Method 29)

For the example that follows, these assumptions apply:

• Actual Start Date: April 15, 1997.

• Modified Start Date: January 1, 1997.

• Cost: 10.000.000 ITL (without tax).

• Asset Life: 1 year (12 life periods).

This table shows the depreciation of an asset when using depreciation method 29:

Year	End of Year Date	Accumulated Depreciation	Depreciation Expense	Calculation
1997	December 31, 1997	-10.000.000	10.000.000	10.000.000

Note: The requirement to depreciate only assets with a cost under 1.000.000 lira can be done with data selection that is less than the amount in the Asset Account Balance File table (F1202) for Year to Date Amount (FLAPYN) or the Balance Forward (FLAPYC).

This table explains the requirements for method 29:

Requirement	Explanation
Asset life	The demonstration data includes a version of method 29 for an asset life of 12 life periods.
Balance adjustments	Year-end with annual depreciation Apportioned by period in the year, based on percent
Modified start date	The modified start date is the whole year.
Conventions	No conventions are needed.
Life Year Rules	Life year 1 to 1
Calculations	Fully depreciate cost. Basis includes the salvage value.
Disposals	Method 29 has no disposal rules.