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author's profile photo Former Member
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Additional Depreciation on Asset - Income Tax Purpose

Posted on Jan 09, 2008 at 06:15 AM 78 Views

Hi,

Please provide the information on Additional Depreciation on Asset.

In the first yera of asset purchased (in case of Plant & Machinery) it should be depreciated at the rate 35% (15 % Normar dep and 20 % additional dep in the first year).

regards.

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2 Answers

  • author's profile photo Andreas Mann
    Andreas Mann
    Posted on Jan 09, 2008 at 07:31 AM
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    use Special Depreciation

    and use transaction type from 620-653

    A.

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  • author's profile photo Former Member
    Former Member
    Posted on Jan 09, 2008 at 12:46 PM
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    In the multi level method of depreciation key ,u can enter 35%

    for the first year and different % for other years

    assign me points if useful

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