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