Re: Tax Depreciation in Tanzania

Hi Ajay,

APC = TZS 1,000,010

Depreciation posted for period 1 & 2 = TZS 61,476.02

NBV as at end of period 2 = TZS 938,533.98

The requirement is that as the NBV is going to fall below TZS 1,000,000 after the depreciation run, the asset should have been fully depreciated in the first depreciation run itself.

Also, the changeover year in AW01N is still seen as 2017 after the depreciation for period 2 is posted.

Thanks & Regards,

Sameer