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I have posted asset with 1,00,000/- value. After posted I
want to segregate the same asset with 2 dep.terms
i.e.25000/- with SLM and 75000/- with Decli.value. how do u
customize this settings in asset accounting?
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Answer Posted / pankaj
No any accounting principle supports this kind of
scenarion.. Let us say about India. In India companies act
1956 and income tax rules advices that an asset should be
depreciated with either or one method up to its usefull
life. Either straight line method or declining balance
method. So no question arise of customization.
Guys can clear this superior to their CA or CWA people.
Think for moment that scenario is been configured now how
books will be managed and what financial statements will
see at the time of submitting to goverment ? how will you
segregate those all amounts which belongs to which methods ?
In short @ end it is not possible.
| Is This Answer Correct ? | 9 Yes | 2 No |
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