Dear All,
I am facing certain problems in Group Asset area which is created for Income tax Purpose.
1) Created 3 Asset Classes for 3 Income Tax Rates viz, 10%, 15% & 60%
2) Created 3 Group Assets (AS21) for the 3 percentages. ( 9900000 for 10%, 9940000 for 15%, 9960000 for 60%)
3) Created 2 different assets through AS01 under different class but with same % Depreciation. While creating the asset, mentioned the Group Asset created earlier, say 9900000.
4) Acquisition carried out F-90 on 2 different dates i.e. 01.05.2007 & 30.11.2007.
Now when I check Group Asset, system is calculation Depreciation for whole year on both the acquisitions. Ideally it should be total 10% on asset acquired on 01.05.2007 & 50% of 10% onasset acquired on 30.11.2007.
Is my point valid?
**If yes, how can I address the issue? Where do you feel I have gone wrong?
In Asset Explorer (AW01N) - Under Start Calculation Date - Ord. Dep.Start Date is 01.04.2007).
Pl help.This is urgent.
Thanks a lot,
Gov