Asset class Description Useful life

1000 Real estate 15

1100 Building 30

2000 Machinery equipment 5

3100 Vehicles 5

3200 IT Hardware 5

3210 IT Software 5

To be created Company cars 5

IT hard and computer

hardware are same.
Hence this asset class
3200 Compute hardware can be ignored

3000 Fixtures and fittings 5

4000 AuC

6000 Leased asset 15

5000 Low value asset Not applicable

1) Depreciation details are applicable for both Leading and non leading ledger
3) Could you please explain the difference between Other motorized vehicles and company cars in
4) Threshold value for Low value asset
5) Is there any difference in capitalizing asset for any of these asset class? Ex - Compute hardware

JvdB Investments are created for amounts > 10,000 Euro,

 Book depreciation - Leading ledger
Dep start date ( Start of month / end of month / from the
date of acquisition
After completion CAP
and complete invoicing/technical install.
After completion CAP
and complete invoicing/technical install.
After completion CAP
and complete invoicing/technical install.
After completion CAP
and complete invoicing/technical install.
After completion CAP
and complete invoicing/technical install.
After completion CAP
and complete invoicing/technical install.
After completion CAP
and complete invoicing/technical install.

After completion CAP

and complete invoicing/technical install.
After completion CAP
and complete invoicing/technical install.
After completion CAP
and complete invoicing/technical install.
After completion CAP
and complete invoicing/technical install.
After completion CAP
and complete invoicing/technical install.

oth Leading and non leading ledger

between Other motorized vehicles and company cars in terms of depreciation and asset reporting

et for any of these asset class? Ex - Compute hardware less than 5000 EUR should only be capitalized in Book depereciation whereas it

ed for amounts > 10,000 Euro, below will go into costs (p/l). Above >75,00
 Local depreciation - Non Leading ledger
Dep start date ( Start of month / end of month /
from the date of acquisition
After completion CAP
and complete invoicing/technical install.
After completion CAP
and complete invoicing/technical install.
After completion CAP
and complete invoicing/technical install.
After completion CAP
and complete invoicing/technical install.
After completion CAP
and complete invoicing/technical install.
After completion CAP
and complete invoicing/technical install.
After completion CAP
and complete invoicing/technical install.

After completion CAP

and complete invoicing/technical install.
After completion CAP
and complete invoicing/technical install.
After completion CAP
and complete invoicing/technical install.
After completion CAP
and complete invoicing/technical install.
After completion CAP
and complete invoicing/technical install.

of depreciation and asset reporting

an 5000 EUR should only be capitalized in Book depereciation whereas it should be booked in expense account without capitalizing in L

ow will go into costs (p/l). Above >75,000 approval HQ is needed

ount without capitalizing in Local depreciation?
Depreciation Area Dep area Description Ledger
01 Book depreciation 0L - Leading ledger
15 Local ledger in local currency 2L - Non leading / Local ledger
 Accounting principle
GAAP
Dutch accounting principle
 Loss made on
Gain from sale of
Asset class Description Asset aqusition retirement without
asset
revenue
1000 Real estate
1100 Building
2000 Machinery equipment
3100 Vehicles
3200 IT Hardware
3210 IT Software
To be created Company cars
3200 Compute hardware
3000 Fixtures and fittings
4000 AuC
6000 Leased asset
5000 Low value asset
 Ordinary depreciation Unplanned depreciation

Loss from sale of

Accumulated depreciation Ordinary depreciation Accumulated depreciation
asset
planned depreciation

Ordinary depreciation