Recently my client wants to use the residual value concept. The changes has to be done with retrospective effect using NBV (WDV) as of 01.04.2010.
As per my understanding by using Cutoff value key we can achieve this requirement. But my client wants residual value (Cutoff percentage) at Asset Class wise (ex: plant & machinary 5%, Furniture and Fixtures 10% etc.,). But I observed we can maintain % at Depreciation Area or Comapny Code level. we cannot maintain Residual/Scrap value Cutoff percentage at Asset class wise.
Please suggest is there any way to maintain Cutoff value percentage at asset class wise and also suggest how we can implement this (residula value concept) fromn 01.04.2010 onwords, because Dep was posted upto Jan 2011.
Please revert with your valuable inputs.
Thanks in advace