Asset data

[Former Member]

Hi all,

Could anybody please advice on how to handle the non qualify cost for the motor vehicle? Say the cost of a company car is RM120K but for tax purposes it's only allow for RM50K deduction.

or example the cost of the car is RM120K, may I know how the SAP handle the non-qualify cost of RM70K)? The IA & AA should based on the RM50K only.

your inputs will be very aprreciated.

thanq

[Former Member · Accepted solution]

Dear Sandhya,

You need to create one more depreciation area

of Tax purposes, where in you can treat RM70K as depreciation or as required by you.

If you do not want to post this in finanical accounting you can treat it as " No postings to financial accouting".

This will help you in getting Asset Values as per Tax purposes.

Thanks & Regards

Sanjay Marathe