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Additional Depreciation on Asset - Income Tax Purpose

Former Member
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Hi,

Please provide the information on Additional Depreciation on Asset.

In the first yera of asset purchased (in case of Plant & Machinery) it should be depreciated at the rate 35% (15 % Normar dep and 20 % additional dep in the first year).

regards.

Accepted Solutions (0)

Answers (2)

Answers (2)

Former Member
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In the multi level method of depreciation key ,u can enter 35%

for the first year and different % for other years

assign me points if useful

andreas_mann3
Active Contributor
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use Special Depreciation

and use transaction type from 620-653

A.

Former Member
0 Kudos

HI,

I have got very helpful clue from your answer.

After Cutomization and testing....will assign you full points, if the same workd.

Thanks

Purva