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Apr 21, 2014 at 05:24 AM

Depreciation charging in advance

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Hi,

I have a scenario.

We have one individual asset worth 5 crores. There is an income received in advance 2.5 crores. Now, I want to nullify this income by showing Depreciation for that particular asset. Hence, I want to charge Depreciation in advance for this asset.

I want the entry to be made as

Depreciation expense A/C Dr 2.5 crores

Accumulated Depreciation A/C Cr 2.5 crores

This transaction will be booked in the Fiscal Year 2013-2014.

Kindly suggest, how to achieve this result in SAP.