Page 10 - EY-VG_Aralik_2022_v3

In the event that pro-rata depreciation is allocated for the
economic assets that will be redeemed in the mentioned
period, it will not be possible to amortize in the first special
accounting period and the following periods since the
depreciation of each year of the non-amortized balance can
only be taken into account in the valuation of that year.

In accounting periods shorter than one year, the pro-
rata depreciation application and the remaining value
corresponding to the period without depreciation should
be amortized in the last year of the economic life of the
economic asset.
It would be beneficial for taxpayers to take into account
the opinions based on the advance ruling given by the
administration in order not to face any criticism in terms of
the depreciation amounts allocated.

Explanations in this article reflect the writer's personal view on the
matter. EY and/or Kuzey YMM ve Bağımsız Denetim A.Ş. disclaim any
responsibility in respect of the information and explanations in the
article. Please be advised to first receive professional assistance from
the related experts before initiating an application regarding a specific
matter, since the legislation is changed frequently and is open to different
interpretations.
10 December 2022 Aralık 2022