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Deferred Depreciation Reserve

Priyanka (Service) (61 Points)

09 January 2008

Hi,

Can someone please explain me about Deferred depreciation reserve and depreciation adjustment?

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CA. Amit Daga (Finance Controller CA. CS. CFA. CIFRS. M.COM. ) (9017 Points)
Replied 09 January 2008

Deferred Depreciation Reserve :- The difference between the sum of the corporate and tax depreciation reserve for all assets in the category. Deferred Depreciation YTD The difference between the sum of the corporate and tax YTD depreciation values for all assets in the category. Depreciation Adjustment If you own your own business, you may have business assets that you are depreciating over time. The regular tax system allows you to "accelerate" your depreciation deductions. Depending on when you started using the asset in your business, you may have to take a smaller depreciation deduction for AMT purposes. Enter here the difference between your AMT depreciation and your regular depreciation.