Adding Income tax depreciation

[Former Member]

Hi,

My client implemented 1. Book Depreciation

2. Cost Accounting Depreciation

Now they want to implement Income tax Depreciation.

Can you tell process clearly any one for this?

Thanks

Apparao

[Former Member · Accepted solution]

Hello

For IT you would require a new depreciation area.

AA>Organization Structure>Copy Depreciation area.

Copy a area and rename and make following settings:

-Check real time dep area / enter 0 instead of 1

- Postings in GL - Choose not to post

- In Values- Choose positive values, no values accordingly

- In assign FSV. assign FSV to the depreciation area.

- Now you could generate assets and depreciation as per IT requirements.

- Also do not forget to update asset classes, asset records, with the new depreciation area.

Reg

*assign points if useful

[Former Member · Accepted solution]

Suresh,

please tell me clearly from FSV.

Thanks

Apparao

[Former Member · Accepted solution]

Hello

FSV is the Financial statement version, where you could define the grouping of the appearance of the balance sheet.

Reg

[Former Member]

Hi

Gothrough follwoing links

https://forums.sdn.sap.com/watches!add.jspa?forumID=141&threadID=417651

https://forums.sdn.sap.com/watches!add.jspa?forumID=141&threadID=455910

https://forums.sdn.sap.com/watches!add.jspa?forumID=141&threadID=463903