Hi,
After Retirement of Asset, when i execute Income Tax Depreciation Calculation Report i am observing that system is Not calculating Depreciation amount properly and Loss amount is shown as Closing WDV for retirement period and for Last period i.e 12 it shows the Loss.
Block Opening WDV - Rs. 1
Acquisition - Rs. 10000 on 01.04.2015
IT Depreciation - 10%
Retirement - Rs. Rs. 7000 on 17th Dec, 2015 i.e Period 9
As per rule Depreciation on this Asset would be calculated Full year i.e 10% which come to 1000 then in Above case Capital Loss would be Rs. 2000 but in SAP when i execute the Report - J1IDEPCALPOST i am getting below report for different Period
1) Period 9 (Retirement was in this period)
System is showing Dep is - 450.15 and rest it showing as Closing WDV
2) Period 12
Here its showing me wrong Capital loss i.e 3000 and Depreciation Amount as ZERO,
Please help me with correct scenario and let me know the way forward so that System can show Depreciation Amount as 1000 and Loss as 2000.
Regards
Ajay Purohit