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Adding Income tax depreciation

Former Member
0 Kudos
56

Hi,

My client implemented 1. Book Depreciation

2. Cost Accounting Depreciation

Now they want to implement Income tax Depreciation.

Can you tell process clearly any one for this?

Thanks

Apparao

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
0 Kudos

Hello

For IT you would require a new depreciation area.

AA>Organization Structure>Copy Depreciation area.

Copy a area and rename and make following settings:

-Check real time dep area / enter 0 instead of 1

- Postings in GL - Choose not to post

- In Values- Choose positive values, no values accordingly

- In assign FSV. assign FSV to the depreciation area.

- Now you could generate assets and depreciation as per IT requirements.

- Also do not forget to update asset classes, asset records, with the new depreciation area.

Reg

*assign points if useful

Former Member
0 Kudos

Suresh,

please tell me clearly from FSV.

Thanks

Apparao

Former Member
0 Kudos

Hello

FSV is the Financial statement version, where you could define the grouping of the appearance of the balance sheet.

Reg

Answers (1)

Answers (1)

Former Member