There is a recent changes in method of calculation of depreciation in India under New Companies Act 2013 compared to Schedule XIV of Companies Act 1956.
Depreciation needs to be calculated based on useful lives instead of % based calculation. In case of Plant & Machinery, shift based depreciation needs to be calculated as under:
(a) For Single shift: Useful life mentioned under Companies Act 2013 i.e. 15 years
(b) For double shift: depreciation to be increased by 50% [i.e. 50% of depreciation amount calculated under point (a)]
(c) For triple shift: depreciation to be increased by 100% [i.e. 100% of depreciation amount calculated under point (a)]
What is the best possible solution available in SAP for calulation of shift based depreciation as per above mentioned requirements?