Help me with Step to step Income tax depreciation configuration along with additional depreciation for plant & machinery in 1st year in an already implemented system where the implementation done 8 years ago. Please guide if you have any document.
180 days clause need to be followed.
Requirements as below:
SAP implemented 8 years Ago.
I need to confugre IT Depreciation Area along with all relevant configuration including 180 days concept.
For asset block under asset class plant & machinery need additional depreciation 20% in 1st year if it is acquired more than 180 days including 180 days, any asset acquired less than 180 days - 1st year additional 10% and second year additional 10% in addition to regular depreciation.
From 3rd year onwards regular depreciation will follow.
Sale realisation to be deducted from opening WDV in the year of sales.
Your immediate help is highly appreciated.
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