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I am having trouble adding a new asset and claiming an immediate write off if the asset under $20k. Within AE assets the first field is the taxation field, within knowledge base it states to choose immediate write off, I do not have this option only diminishing value or prime cost. I have the option to write off on the next window which is the accounting. When I print a tax depreciation report is is calculating depreciation and not writting off. I am using the current version of ae assets.
Is anyone else having this problem or could they advise the correct way to enter these write off please.
Thanks for the post!
When you create a new Asset, on the first screen - ensure you select the "Immediate Deduction Asset" in the first screen - see below:
From here, when you click next, you will not have the option to change the method: