Dear ,
We are Using Calender Year as Fiscal year . As all of you know that Depreciation is to be calculate on Net book Value ( 31 march) (WDV method ) . (as per Company Law 1956) while system calculating Depreciation on the Net book value on 1 Jan which is Correct as we are using calender year .
So i want to Calculate Depreciation on the Net Book value on 31 march instead of 1 Jan Value For WDV method .
Please Give Solution
Can we use Period Control For that Purpose
Or Any UserExit ( AFAR001)
Example
A = As per Corporate act
B = My System
( Suppose * Depreciation 100 rs For Year 2008)
====================A======B=========
APC value 1 april 2008 ==10000 10000
Depreciation
up to Dec 2008 (9month)==900 ====900
======================================
Book Value on 31 dec ===8100====8100
======================================
Deprecation Jan ====== 100 ==== 90 ( Calculate on Book Value of 31 dec)
Deprecation Feb ====== 100 ==== 90
Deprecation Mar ====== 100 ==== 90
======================================
Book Value on 31 dec ===7800====7830
======================================
Deprecation April ====== 85 ==== 90
i want depreciation To be calculate on 10000 rs for month Jan feb Mar & 7800 for month April
PLease Do the needful