Luxury Auto Check Box in Fixed Assets Content provided by Microsoft Applies to: Dynamics GP 2010Dynamics GP 2013Microsoft Dynamics GP 2015Dynamics GP 2016Fixed Assets More Select Product Version All Products TechKnowledge Content Issue What does the Luxury Auto option in Fixed Assets do?Resolution It sets a limit to the amount of depreciation that can be taken for an asset during the first year. It cannot exceed this hard coded amount. It may appear that the depreciation is not working on these assets, but it is. Reason being is that it may have already reached the maximum amount, maybe earlier in the year or by the use of plug numbers. Tax laws will affect this amount and this is addressed in service packs.The hard coded amount comes from the tax laws. Microsoft releases updates(service packs) when the tax law changes.Example - If the hard coded limit was $4000.00. No matter what the cost basis was or the Depreciation method, the YTD Depreciation cannot exceed this amount. Basically if the Yearly Depreciation amount was figured out to be higher than this set limit the system will only take the set limit. If it figures out a Yearly Depreciation amount lower than that hard coded limit, then it has no effect on the system.Note - This is just an example. The amount may not actually be $4,000.00.This article was TechKnowledge Document ID: 31384 Last Updated: 10 Mar 2017 Was this information helpful? Yes No Tell us what we can do to improve the article Submit Thanks! Your feedback will help us improve the support experience.