Field help: (2023) Book value at the beginning of the profit calculation period

Enter here the book value of an asset at the beginning of the profit calculation period.

The book value is the value of an asset as it appears in your financial records. It results from the acquisition or production cost of the asset minus depreciation up to that point.

At the beginning of the profit calculation period, on 1 January 2023, the book value generally corresponds to the acquisition or production cost, as no depreciation has yet been recognised. Depreciation reduces the book value over time to reflect the loss in value of the asset.

Note: The "start of the profit calculation period" is always 01.01.2023.