Expansion
Income tax legislation stipulates that expenses with repairs, maintenance or replacement of parts of fixed assets of a legal entity, that result in an increase in the useful life of an asset, are enabled to serve as the basis for future depreciation provided this increase in the useful life is more than one year.
Expansions and reforms of assets already immobilized can be aggregated to them and have the monthly depreciation increased and the period maintained, or can be considered separately and have their own depreciation, thus increasing the useful life of the asset. This option can be made according to the economic interests of the company, i.e., its need to generate the expense.
The Expansion routine in Protheus allows expansion of an asset. The user is asked to enter a new value for the asset. For accounting, the standardized entry \"821\" must be used. Expansion is allowed only for type 01 assets.
Procedures
To expand an Asset:
| 1. | In Assets Expansion, press [F12]. |
The parameter screen is displayed for the user to configure the Expansion Routine.
| 2. | Configure the parameters and confirm. |
| 3. | Select the asset to be extended and then Expansion. |
The Asset expansion screen is displayed.
| 4. | Fill out data according to field help instructions. |
| 5. | Check the data and confirm. |
See also