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Former Member
Jan 20, 2012 at 07:36 AM

Income Tax Depreciation - How to configure 6 months dep calculation

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Dear All Experts,

I am configuring AA. I got below requirement from user that :

1 ) In Income Tax Depreciation if asset has been purchased in first 6 months it is to be depreciated with 20 % rate (For those 6 months only ).

2 ) And if it is purchased in next interval 6 months it is to be depreciated with 10% rate (For those 6 months only ).

3 ) And later on it is to be depreciated with regular rate.

How can I configure this in asset accounting ? If anybody has gone through the same issue please guide or provide some kind of inputs. It will be great help for me.

Regards,

Revati Joshi.