Include WOZ value of property in depreciation calculation

Disclaimer

All screenshots in the article were taken in the Dutch version of Yuki.

In the settings of an asset in asset group 'Buildings', you can specify whether or not the WOZ value should be included in the depreciation calculation.

Hover your mouse over the Financials icon in the navigation bar, then click on Assets and open the asset account by clicking on the name of the respective asset account. 

In the now-opened screen, hover your mouse over the line of the asset in question, click on the button with the three dots and then select Change WOZ value from the drop-down menu.

The following screen is opened:

Click on the Enable WOZ value button. The following screen is opened:

Click on the Add WOZ value button to enter the WOZ value of the building. The following screen is opened:

The WOZ value of the building can be recorded per calendar year. The base valuation (percentage of WOZ value) of the property is calculated using the WOZ value determined by the municipality. If necessary, also specify the base valuation of the property.

When the book value (purchase value minus depreciation) of the building is equal to the base value, the depreciation on the building stops immediately.

After entering the WOZ value, click on the Add button to save the data.

The Applicable WOZ value column is now added to the building in the asset statement.

To change or delete a specific WOZ value of the building, click on the pencil or cross behind the relevant WOZ value.