Interested to Buy Any Domain ? << Click Here >> for more details...
what is depreciation? what are depreciation methods? please
explain those method? can any one reply urgently?
- 7 Answers
- 48046 Views
- Ernst Young, MSK, I also Faced
- E-Mail Answers
Answer Posted / rajesh
HI
WHEN AN FIXED ASSET IS PURCHASED IT HAVING SOME LIFE, WHEN
WE USE THE ASSET THE LIFE IS REDUCE THAT CALLED DEPRECIATION
REASONS ARE WEAR AND TEAR, ACCIDENT, OBSOLENCES ETC.
THERE ARE SO MANY METHODS TO CALCULATE DEPRECIATION
BUT IN SAP ALL METHODS ARE IN DEPPRECIATION AREAS
AS PER INCOME TAX RULES WE FOLLOW STRIGHT LINE METHOD
FOR MANAGEMENT PURPOSE WE FOLLOW WRITTEN DOWN VALUE METHOD
FORMULA FOR STRIGHT LINE DEPRECIATION IS
COST OF ASSET - SCRAP VALUE / LIFE OF ASSET
SO THIS WILL CLEAR TO UR DOUBT
IF NOT SEND THE RIGHT ONE IMMEDIATELY
| Is This Answer Correct ? | 101 Yes | 28 No |
Post New Answer View All Answers
currently i am recruited in rollout project my parent company is singapore and now we are doing rollout in malaysia.so could any one please tell me what are the neccesaary steps
What is an activity type? : co- cost center accounting
How do you open and close periods?
how do you capitalize auc in sap? : fi- asset accounting
Can you post an account document if the credit is not equal to the debit?
Name the sub modules within fi, from which fi-gl gets simultaneous postings? : fi- general ledger
How do you generate reports in treasury? What format are they generated in?
What is a group currency?
What is Boolean logic? : co- cost center accounting
Differentiate activity-dependent and activity-independent costs? : co- cost center accounting
SAP DEPRECIATION RUN ERROR: I have a problem with depreciation posting. I have searched the forum but did not find any answer. Net book value of $ 559,350 as on April 2012 was fully depreciated by 31 Mar 2017. Additions between April 2012 and March 2017 were correctly depreciated. However, additions from 01 Apr 2017 were fully depreciated when depreciation program was executed. For example, asset acquisition on 01 May 2017 $ 2400 was fully depreciated ($ 2400) which is not correct. It should be $ 2000*20%/12*11 = $ 440. Subsequently, in Jan 2018, on the acquisition of $ 207, the system has posted a positive depreciation of $ 47,469 on the base value of $ 1,640,423.72!!! More surprisingly, acquisition after that is correctly depreciated. For example, acquisition on Jan of $ 3,488.94 was correctly depreciated by $ 174.45 (3488.94*20%/12*3 months). Here are the details of the configuration of depreciation: · Depreciation method SLM · Base method 0014 · Useful life: 5 years (20% depreciation). · Period control 01/01/01/01 · Depreciation after the end of planned life – the box is “checked”. · There is only ordinary depreciation. · “Only negative values and zero allowed” checked in Rule for positive/negative sign for ordinary depreciation in Depreciation Area. · Fiscal year: April to March · SAP ECC 6.0 Can anybody suggest/help how to fix this?
Why is it not possible to post to a customer accont in a previously closed period?
Explain production set-up in fi-aa? : fi- asset accounting
What is known as an exchange rate spread?
Which is the payment term which actually gets defaulted when the transaction is posted for the customer (accounting view or the sales view)?
