on 01-20-2011 9:07 AM
Hi,
My client is currently depreciating an asset @8.33% per annum on SLM Basis. From 01.04.2010. Depreciation rate to be changed to 5.38% and the system should calculate the depreciation on WDV / Book value of the Asset as on 31.03.2010.
If I create new depreciation key with 5.38% and assign to the respective asset, then the system will calculate the depreciation on Asset procurement value.
How to change the system to calculate the depreciation on WDV value on 31.03.2010.
Help me with this please.
This issue was dropped as India TAX Audit did not allow this modification.
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Hi,
1 - Check your Current FY (OAAQ),
2 - Close Previous Fiscal year(2009) and Open Current FY(2010) ( AJAB & AJRW)
3 - Create New Dep Key with WDV Method and assign in Asset Master.
4 - Now run Dep from 01.04.2010 system will calculate dep with WDV method on net book value.
Regards,
Viswa
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Hi,
Recalculate depreciation for that asset
Use T.Code-AFAR for recalculation of depreciation
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