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Former Member
Mar 25, 2009 at 02:38 PM

US Tax - Fixed Assets Management


I would like to know how many of you use SAP system to manage FA for US tax purposes.

As a big int`l company we`re manage most of FA transaction for book in SAP. However, due to always changing US tax law the three areas those we`re struggling with are:

1. Switching between Mid-Qtr, Mid-Month conventions and regular depreciation.

2. Luxury Auto since the depreciation factor changes from year to year

3. The difference between system depreciation based on fiscal year comparing to depreciation tables (which are based on calendar year).

Iu2019d like you to share your experience in using SAP for managing fixed assets for US tax proposes.



Edited by: TDL on Mar 25, 2009 3:38 PM