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Former Member
Feb 08, 2011 at 06:08 AM

Issue in Group asset depreciation

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Hi All,

We are Implementing ECC 6.0 . We are facing an issue related to Group asset Functionality in asset accounting.

According to Indian Laws In case an asset has been put to use for less than 180 days in a fiscal year, depreciation has to be provided for half the year only.

But In case an asset has been put to use for more than 180 days in a fiscal year, depreciation has to be provided for full year.

Just to check the functionality we acquired an asset in the month of october .The system is calculating half the depreciation if an asset is acquired in the month of october (We are using April-march Fiscal year). We had a look in group asset as well the values were calculating correctly.

But when we acquired an asset in month of april (for testing to check full depreciation being calculated) system is still calculating the half year depreciation only.

We checked the Depreciation start date in the group asset and found that system is taking the first date of asset acquisition in the group asset depreciation start date, i.e. suppose if we acquired a Plant and machinery-1 in the month of October (for testing) this october date is set in group asset ordinary depreciation start date and the system is calculating only half of the depreciation.

Now when we do a back dated acquisition system is still calculating half depreciation only.

Request your help in this regards

Thanks

Nitin