Depreciation on Asset for current period..?

Hi Experts,
i have a question regarding depreciation on asset. My fiscal year is apr-mar. Suppose i purchased asset(Ex:machinery) this month(december). So from When can i run depreciation on that particular asset.?
Thanks in Advance,
Regards,
Rajesh.

You have really asked two questions, and I don't know that the answer for both is the same throughout this world.
1 When must statutory depreciation start for taxation purposes, such as for the IRS regulations if in the US? This is probably NOT depreciation area 01 in SAP, but a derived area maybe.
2 When must financial accounting depreciation start, such as for US GAAP or for IFRS rules. This usually involves depreciation area 01 in SAP, plus other DA's for revaluations and/or for subsidiary company financial reporting in other currencies.
Probably both are when the assets are placed into service, or some other consistent project milestone that approximates in-service dates. But check with your accountants/auditors for DA01, and check with your statutory tax personnel for non-financial areas.
Regards

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Depreciation on Asset for current period..?

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