Depreciation Calculation error

[Former Member]

Hi All,

I tried creating an asset today (26th Dec) with a dep.key containing period control 03 (pro-rata from mid-period).

However, the system gives me an error message saying:

10 Federal Tax MACRS

E613 SYST: You cannot determine the period for rule 03 to 12-26-07

What does this mean? I noticed if I give the date as 23rdDec or earlier (23rd dec is mid of 24th period for this yr) it allows me to post.

Please help me understand this error.

Thanks & Regards,

Tejas

[Former Member · Accepted solution]

Also check the OAVH screen and ensure that there are entries for the current year (read the help text to understand more on this configuration - its too lengthy to explain here). If not, generate the period controls through transaction OA84. If calendar dependent years (different period start/end dates for each fiscal year) are used, this error could come due to incomplete generation of period controls. Hope this helps.

[Former Member · Accepted solution]

Thanks Sanker,

Checked in OAVH, the 23rd period ends on the 23rd and the last 7 days are configured as period '0'.

Thanks,

Tejas

[jaybanda2]

hi there,

its probably because the date you are giving is i.e 12/26/2007 and because its a mid period calculation, based on the yr defined for that compcode after the first 15 days it calculating as next months which is 01/01/2008 ie going into next yr which is not open.

hope it helps..if it is then please assign points

regards

Jay