Hi SAP Gurus,
In order to calculate fixed asset depreciation for statutory / tax reporting in SAP, do we need a depreciation formulas? I think it must be done bu giving a Depreciation Key to the Books along wit it's useful life and dep. start date.... Specifically, I will need to match the calculations currently doing in excel in SAP.
Can we use the same depreciation area to calculate depreciation expense for statutory and tax purposes?
Thanks,