Hello Everyone,
May you help me on issues of Depreciation recalculation benig changes on Comnies Act 2013 (Asset Accounting)
As per companies Act 2013, the depreciation calculation logic has been changed, the depreciation should be calculate based on LIFE of assets after providing 5% for residual value for e.x: if we purchased Asset @ INR 5,00,000 and the life is 10Years than...?
Asset D.O.Purchase Pur. Value (INR) Life Residual Value Depr. Value Dep. Per Anum
Office Fur. 01/04/2013 500000 10 Years 5000 495000 49500
currently this calculation is calculated as per old method (WDV) and the differential of depreciation is posted into SAP for the financial year 2013-2014.
and also this F/Y has been closed. Now client want to post new depreciation values as per Companies act 2013,
Then how it's possible to get this process in Sap for Recalculating New dep. values in existing Asset/Group of asset. and how to proccedure in SAP.
Will be impact on Acquition/Capitalized value...?
Thanks in Advanced for that..
Faiyaj