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Former Member
Feb 14, 2011 at 07:16 PM

IT Depreciation - India

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Hi All,

We are trying to configure IT depreciation for India and we have an issue. This is an implementation project

Version: ECC6.0 EHP4

We have performed all the configuration steps for groups assets

Depreciation Areas:

01-Book Dep u2013 Uses Straight line method u2013 Posts to GL.

02-IT Dep u2013 Group asset concept and depreciation as per income tax u2013 Does not post

We have 2 normal assets:

Asset1:

Acquisition Date: 01.05.2010

Acquisiton Value: 12000

Asset2:

Acquisition Date: 01.10.2010

Acquisiton Value: 12000

We have assigned these 2 normal assets to a GROUP ASSET: 10

Depreciation Rate: 5%

For year April 2010 u2013 Mar 2011, system shows total depreciation of 1200.

Dep for Asset1: 600

Dep for Asset2: 600

As per u201CNew Assets Held for Less Than 180 Daysu201D rule, Asset2 acquired on 01.10.2010 should be depreciated at half rate 2.5%

The Ordinary Depreciation Start Date in GROUP ASSET 10 is set as 01.04.2010 when we purchased the asset using F-90.

The depreciation key am using is IN1. The multi level method in this dep key is M1.

The settings in M1 are as follows:

Acquisition Year: 9999

Year of Validity: 999

Base Value for dep calc: 27

Percent: 5%

Please advise if i have to change the multi level method or do any additional configuration settings.

Thanks, Ashok