Depreciation

[Former Member]

Hello All,

I am facing the problem that when i am calculation depreciation fro asset the book depreciation is calculated on monthly basis i want it on daily basis how it can be done.

Income tax is calculated on 6 months basis.

i want Income tax dep if asset is created today and if asset capitalised date is falls in greater than 180 days then system should suppose if i create aset on07.10.2008 means 180days of this year passed then system has to calculate the income tax depreciation for whole year. but it is calculating for 6 months.

what to do.

[MarkusBredel · Accepted solution]

Hi,

please search in this forum. This question has been asked dozen of times in the last months, you will find lots of answers to this question for sure in other threads.

Regards,

Markus

[Former Member]

I had not got the answer

[Former Member]

Hi,

Marrkus and I explain this more times the last weeks

Go to the depreciation key (TC AFAMA).

In the depreciation key you have the field: Depreciation calculation to exact day

Note: the start date for the depreciation is the value date from asset posting(s) it don't look to the depreciation start date!!!!!

This is the help:

Depreciation calculation to exact day

Specifies that the system calculates depreciation to the day.

Use

Any period control methods entered in the depreciation key are ignored for the entire useful life of the asset. This applies to all transactions (acquisitions, retirements, and transfers). The system always uses the asset value date as the depreciation start date.

The "depreciation to the day" function becomes active for an asset as soon as the asset has a corresponding depreciation key and the asset is capitalized (posted to). Once this takes place, it is no longer possible to switch off this function for the asset, even if you change the depreciation key. On the other hand, it is not possible to activate this function for an asset after it has already been capitalized using a different depreciation key.

[NathanGenez]

agreed. please search first.