Will inflation adjustments be made for fixed assets whose depreciation period have expired?

Will inflation adjustment be made on June 30, 2024 for tangible or intangible fixed assets whose depreciation period has ended?

It is optional to subject economic assets that are subject to depreciation and have completed their useful life and whose value has been completely destroyed through depreciation (including economic assets subject to depreciation that continue to be tracked with a trace value in business records) and their accumulated depreciation to inflation adjustment.

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.