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Depreciation key forr 100% depreciation to be posted in 1st month

Former Member
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Dear All

The configuration of 100% deprecaition key in our system is like that it apportions the depreciation in 12 months..

My requirement is that the assets having value of Rs5000/- or less should be written off in the same year( which is an Income tax law)..

I want that these assets should be written off in the first month of acquisition itself or in any way they should get100% deprecaited in the same financial year..

Please guide me how to configure depreciation key for the same..

Regards

Ruby

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Answers (1)

Answers (1)

former_member205041
Active Contributor
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Hi Ruby,

use or create a depreciation key with the "immediate depreciation" depreciation method. For exmaple the depreciation key GWG.

Regards

Bernhard