14 Book Value
From TrueERP wiki
Book Value
Book Value - Why is there two depreciation tabs, referring to Tax value and Book value?
The book depreciation expense is the amount recorded on the "books" and reported on the financial statements.
The tax depreciation is recorded on the company's income tax returns and will be based on the Internal Revenue Service's rules
The two tax tabs can be used for different functions that can be set in 'Fixed Assets Preferences' Like, Depreciation Calculation Conventions (Full Year, Full Month, Half Year) For example, Depreciation 1 can be used for Full Year, and Depreciation 2 can be used for Full Month.
Depreciation Start Date either Financial or Calender year can be set too for the two Depreciation separately.
