Takeover values - Tax depreciation
Hi
Wrt to takeover values using tcode AS91 we are not able to view the tax depreciation area fields.
Wanted to know whether any configs are left out since these fields are not appearing.
Regards
Deepak
Have a look if this area is in the transaction OAYE
When you make a normal asset with values do you then see the values from this depreciation area in the table ANLC. It is possible that you have set-up an depreciation area that not store the values. (is only a calculation)
Similar Messages
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Tax depreciation for vehicles from limited value in Poland
Hi,
for a polish company I have to define the depreciation for cars. In Poland is for vehicles the start value for calculation of the tax depreciation lower then the acquisition value of depreciation area "book depreciation". The tax value is limited.
The sample chart of depreciation for Poland is defined:
01 Book depreciation
02 Depreciation on tax limited value (cars)
03 Non-deductible tax depreciation (cars)
In rules for takeover was defined that depreciaition area 02 adoped the values of depreciation area 01.
Depreciation area 03 is not a real depreciation area it is defined: 01 Book deprecition - 02 Depreciation on tax limited value (cars).
I don't know the legally rule how to define the limitec tax value.
My question is, how can I define the calculation of tax depreciation from a limited value?
Thank you!
Best regards
HubertHi,
this is not the aswere of my question.
E.g. I have a care with acquisition of 25.000,-. The start value for calculation in depreciation area 01 is 25.000,-.
The start value for calculation in depreciaiton area 02 is 20.000,-.. The tax limited value is 20.000,-.
How can I define the system to calculate in deprecition area 02 with limited tax value 20.000,-?
Thank you!
Best regards
Hubert -
Asset value for Calculation of Tax Depreciation
We have been told that many of the assets created as of 1/1/2008 have a different (lower) tax value than their beginning book value. Book value is correct for standard book depreciation. Is there a process to update the tax value of assets created in SAP similar to the transaction AS92 used to update values for Converted Assets?
It was suggested that we use the method of Unplanned Depreciation tcode ABAA with TTY 642/652 to change the tax value of the asset. When I tested this I found the various tax depreciation methods were calculated based on the beginning book value for year 1 and not using taking the special depreciation into consideration until subsequent years. This is using Depreciation Area 10, MACRS, Dep. Key M200.
Is there a better method of altering asset book value for tax purposes or a better way to alter the tax depreciation calculation so it takes Unplanned Depreciation into consideration during year 1?
Current simplified tax depreciation example:
Beg. BV $1,000
unplanned dep posted $100
tax depreciation for year 1 $100
tax depreciation for years 2-10 $88.88
The preferred depreciation is $90 years 1 - 10.
Thanks for your assistance,
JeffI think I had the cart before the horse on this problem. The correct way to look at this is what is the best way to get the correct "Net Book Value" and not the correct tax depreciation posting as it never actually gets booked.
By knowing the incorrect Beginning BV, the rate depreciation is applied in year 1 and finally the desired Net BV value at the end of year 1 for tax purposes I am able to calculate the correct Unplanned Depreciation for tax to make everything work out correctly.
correct beginning tax BV $1,200
Beginning Asset Book Value $1,800
depreciation $360 (20% of BV)
Unplanned depreciation $?
Net BV for tax at end of Yr1 $960 ; or 1,200 - (1,200*.2)
With the know values above that makes my unplanned depreciation for Yr 1 to be $480. Year 1 and all following years depreciate correctly after the Unplanned Depreciation is posted.
I am marking this as resolved unless someone sees an error in my thinking.
Thanks,
Jeff -
"lock" values of tax depreciation for previous periods
Hi all,
is it possible to lock calculated values of depreciation for previous periods? We need it for the case when e.g. depreciation key is changed. Then we want preserve the values for previous periods and change only the future values. But please note that we want this for depreciation area, which does not post values to GL.
thanks
ZbynekHi,
It did not work for me. I changed the useful life from 30 to 20 yrs and then used menu path Edit/Recalculate values. Then I used the Tx S_ALR_87012936 to display the depreciation values for individual months. But all the values were the same, i.e. the values for previous periods were not kept.
So is there a way to keep these values?
thanks,
Zbynek -
Issue on asset tax depreciation balances
Dear Experts,
I have a critical issue to be resolved. Someone please guide me.
I want to change the opening balance, current year transactions
accumulated depreciation of year 2008 (Fiscal year variant V3 -
Apr to March) of group assets in tax depreciation area (15) using tcode
AS82. This is required because during data migration in 2006 the
tax dep values for group asset were not entered accurately. With
this the dep calculated was wrong resulting in wrong net bbok value
further wrong carry forward bal in 2007 Apr and so on. My client
now wants atleast correction of year 2008 values so that the future
calculations are right and done by SAP for tax report. What should I do
for this?
What impact would be there if I change Asset Transfer date because
when I go to AS82 to change the takeover values of a group asset in 2008
i get an error msg " Closed fiscal year doesnt agree with legacy data
transfer date" Transfer date is 31.07.2006. This is really critical
and I have been posting this from days but no response. Please help
me experts.Any help would be really appreciated.
Rgds
KomalNot answered. Somebody throw some light on this. Your inputs are valuable.
Regards
Komal
Edited by: Komal on Feb 2, 2009 7:14 AM
Edited by: Komal on Feb 2, 2009 7:14 AM -
Issue on migration of tax depreciation balances for group assets
Dear Experts,
My client is using group assets for tax depreciation report India.
The SAP implementation was done in 2006 during the data migration the
client was not clear of the values both individual asset wise and
group asset wise to migrate to tax depreciation area. So the tax
depreciation for some of the assets are migrated with some
(non caluclated) value.
Now the client want to see the tax depreciation group asset wise or if
possible individual asset wise.For this the group asset need to be
created and assigned to each individual asset in the asset master
record.
The fiscal year variant is v3, april to march with 4 quaters June,
Sep, Dec, Mar.
Now when the data migration for the current year come into picture
I can use AS81/AS82 for loading current year opening balance and
accumulated depreciation for all the group of assets as a whole. Or
I can use AS91/AS92 to load balances into tax depreciation of
each asset individually. But I am not sure whether this is correct.
And also what to do with the previous years balances. I am very
confused. Somebody suggest good solution.
When I create a legacy asset or group asset in AS91 and AS81
respectively the fields in the Takeover values screen are grayed
out and do not allow mw to input values. But I am able to enter
values by clicking the button Transactions in the Takeover values
screen and able to enter a value date , transacton type and amount
for tax depreciation area. Here again I am not convinced using 100
transaction type for current year opening balance. I used
transaction type 652(Unplanned tax depreciation on current year
acquisition) for accumulated current year dpereciation upto second
quarter septemeber 2008.
In asset explorer under "Planned values" tab the opening balance
must be visible under Fiscal year start column but it is displayed
under change column as I entered values for tax depreciation area
in AS81 in Transaction screen with asset value date as 01.04.2008
transaction type 100 and amount as xxxxxx and value date 30.09.2008
652 xxxxxxxx.
Need expert guidance on this
Rgds
KomalDear Experts,
Your inputs are awaited.
Rgds
Komal -
Hi Gurus,
When I created a new legacy asset using as91, I entered acquisition value for the book under "takeover values" tab. The same acquisition value was auto popluated to
all the depreciation tax areas as well. At that time, we did not know why it does that and since we were only deal with the book depreciation, we did not do anything. Now that we are approaching year end when we do have to run tax depreciation(once a year), we found that some tax depreciation areas do not require to be depreciated for some assets. We would like to remove the acquisition value from the depreciation areas but we can't. They are grayed out. Only dep area 01, 10, 14 and 30 are allowed to change acquisition values. The rest of areas are all grayed out. Is this a configuration issue? Where can I change the config so that all tax dep areas are open for value change? Thanks!I believe I have a similar question and need to know how to separate the row processing. Do I need to separate the forms to separate pages?
I am using APEX 4.0.2.00.06 on a Linux server running Oracle 11g R2 and have the following problem:
I have a page with two forms for creation of new rows in either the sites table or the site-projects table. Site-projects is defined as follows with four numbers and two character fields:
Site_id number(10,0) PK1
Cruise_id number(10,0) PK2
Sequence_number number(10,0) PK3
Project_id number(10,0)
Assigned_flag varchar2(1) default ‘N’
Planned-site_flag varchar2(1) default ‘N’
The entry form uses select lists for many of the fields, but it is the assigned_flag that seems to be causing problems. It’s LOV definition is static2:UNASSIGNED;N,ASSIGNED;Y
When I tap the create button, I get
ORA-20507: Invalid numeric value N for column ASSIGNED_FLAG
Error Unable to process row of table SITES.
This suggests that something is going on at the sites table even though I use the create button associated with the site-projects table. Am I invoking the row processing for the sites table as well? Why does it run into invalid number when the field is varchar2? Actually, I get the exact same error if I use the create button on the sites portion of the page.
The site table has the following columns:
Site_id number(10,0) PK1
Parent_site_id number(10,0) nullable
Stratum_id number(10,0)
Area_id number(10,0)
Site_type_id number(10,0)
Name varchar2(50) -
Calculation of Tax Depreciation
can u tell me How Can we calculate Tax Depreciation with out posting in Financial Records...for Income Tax Purpose....plz give me the configuration steps
and also how can we show in reports,,....
Thanks in Advance....
SureshHi Suresh,
I have set up a new depreciation are for tax reason you have to do the following steps:
V_T093C_08 Specify Transfer Date/Last Closed Fiscal Year
(Take over date, last day of the last fiscal year)
VC_T093U03 Specify Sequence of Depreciation Areas Set-up area 67
(plase the new depreciation area on top)
VC_ANKB_01 Determine Depreciation Areas in the Asset Class
(Assign new depreciation area to asset classes wirh default values
V_TABWA Define Transaction Types for Acquisitions
( Created transaction type to make a acquisition posting in only the new depreciation area)
V_T093_00 Define Depreciation Areas
(created new depreciation Area)
To run AFBN - New Depreciation Area to ad the new depreciation area's to the existing assets
I created 2 LSMW's
1. To up-date the assets from last year with the correct depreciation key, depreciation start date (when you chage this you have to change exp. UL live to blanc, SAP recalculate this) Do this upload not for deactivated assets this year. (the first collum is than not the new depr area in AS92
2. To uplad the acquisition value for the Capitalized assets this year (using the new tranaction type to post only in the new area) transaction ABSO.
The best is to test this first and to do year-end closing for this year.
Paul -
Change in start date of tax depreciation not for posting in mid of year
Hi Experts,
Tax depreciation area is not for posting. The fiscal year is from Jan to Dec. I want to calculate tax depreciation from May 2011 based on Net Book Value of tax depreciation as on 30.04.2011. But once I change the start date of tax depreciation in asset master to 01.05.2011, the system ignores the previous depreciation so I am not getting the NBV of tax depreciation of 30.04.2011.
Is any setting is required to get this. I can not do changes in posting rules since this tax depreciation is not for posting any thing.
The fiscal year 2010 is closed and NBV of tax depreciation as on 31.12.2010 of one asset is 80000, If I change the start date of tax depreciation from 1.1.2011 then system correcly take NBV of 31.12.2010 for further depreciation calculation. But if i change the start date of depreciation in between of year the system is calculating depreciation based on NBV of 31.12.2010 but ignores the tax depreciation from 1.1.2011 to 30.04.2011, which I previously run using AFAB.
Need your assistance to know is it feasible to do this.
Thanks and Regards,
HarshadHi Harshad
The behaviour of the system is very much correct, it is designed to behave that way...
One, you should not have changed the dep start date....
two, NBV in SAP is always taken to be NBV @ the start of the year....
The best wayout I can suggest here is, if you are on EhP4 and EA-FIN active
a. Change the Dep Key in the asset... You can maintain Time Dependant Dep Terms in asset master i.e. Dep Key X from Jan-Apr and Dep Key Y from MAy onwards
b. This will however, calculate dep based on NBV at the start of the year, but based on new useful life
c. Considering your eg: The system is posting more depreciation i.e. 5333 instead of 5155.... So, calculate this amount outside the system and post a Manual Write up ABZU inorder to reduce the Dep and increase the NBV
Even if you are on not on EhP4, you can follow the same approach as above.... i.e.
a. Change the Dep Key in asset master.... This will throw up new dep figure, on the basis of New Useful life and NBV at the start of the year
b. Post a write up from ABZU....
No need to do Asset to asset transfer in my opinion
Only diff between EhP4 and Non EhP4 is that the differential depreciation would be lesser if you are on EhP4... i.e. instead of 5333 now, system may throw up depreciation amount of 5666.. So, you may need to post write up of 5666-5155
br, Ajay M -
Change in start date of tax depreciation in mid of year
Hi Experts,
Tax depreciation area is not for posting. The fiscal year is from Jan to Dec. I want to calculate tax depreciation from May 2011 based on Net Book Value of tax depreciation as on 30.04.2011. But once I change the start date of tax depreciation in asset master to 01.05.2011, the system ignores the previous depreciation so I am not getting the NBV of tax depreciation of 30.04.2011.
Is any setting is required to get this. I can not do changes in posting rules since this tax depreciation is not for posting any thing.
The fiscal year 2010 is closed and NBV of tax depreciation as on 31.12.2010 of one asset is 80000, If I change the start date of tax depreciation from 1.1.2011 then system correcly take NBV of 31.12.2010 for further depreciation calculation. But if i change the start date of depreciation in between of year the system is calculating depreciation based on NBV of 31.12.2010 but ignores the tax depreciation from 1.1.2011 to 30.04.2011, which I previously run using AFAB.
Need your assistance to know is it feasible to do this.
Thanks and Regards,
HarshadHi Harshad
The behaviour of the system is very much correct, it is designed to behave that way...
One, you should not have changed the dep start date....
two, NBV in SAP is always taken to be NBV @ the start of the year....
The best wayout I can suggest here is, if you are on EhP4 and EA-FIN active
a. Change the Dep Key in the asset... You can maintain Time Dependant Dep Terms in asset master i.e. Dep Key X from Jan-Apr and Dep Key Y from MAy onwards
b. This will however, calculate dep based on NBV at the start of the year, but based on new useful life
c. Considering your eg: The system is posting more depreciation i.e. 5333 instead of 5155.... So, calculate this amount outside the system and post a Manual Write up ABZU inorder to reduce the Dep and increase the NBV
Even if you are on not on EhP4, you can follow the same approach as above.... i.e.
a. Change the Dep Key in asset master.... This will throw up new dep figure, on the basis of New Useful life and NBV at the start of the year
b. Post a write up from ABZU....
No need to do Asset to asset transfer in my opinion
Only diff between EhP4 and Non EhP4 is that the differential depreciation would be lesser if you are on EhP4... i.e. instead of 5333 now, system may throw up depreciation amount of 5666.. So, you may need to post write up of 5666-5155
br, Ajay M -
Problem in Tax Depreciation Report
Dear all,
We are implementing Asset accounting for Tata capital. For tax depreciation area we maintained the setting for GL posting as(0= No values are posted in General Ledger). We had created the respecting depreciation keys and assigned in the asset master. The problem is, when i am running report of tax depreciation using transaction code J1IQ, it is not showing any data. It is displaying empty list.
Please guide us further, if any settings needs to be done
Thanks and Regards
L. PriyadarshiniDear Priyadarshini,
Creating depreication keys and assigning in master may not serve your purpose.
Are you aware of the Asset Block concept in IT Act?
The depreciation in IT Act is calculated based on the total value of assets falling under one group, which is called "Gross Block" .
Eg:- Computers & Softwares comes under 1 block, so you need to create 1 group asset for every block in IT Act.
T-Code AS21, here you create 1 asset for every block in IT Act and maintain the depreciation keys for it, also enter the gross value and accumulated depreication in this for the entire block.
Now, this group asset number needs to be specified in every asset which you are creating in AS91,just double click on the depreciation area 15 (for IT Act) in the asset master you will get an entry screen where you have to specify the group asset number.
I think the report J1IQ is not used anymore.
Instead of that try giving the group asset number created for IT act, in AW01N or any other asset report for getting the values of Gross Block and Accum Dep as per IT Act.
Assign points if found useful.
Thanks & Regards
Sanjay Marathe
Edited by: Sanjay Marathe on Apr 29, 2008 12:51 PM -
India Tax Depreciation (group asset)
Hi FICO experts,
I'm having some problem with depreciation calculation for group assets to adhere to India IT Tax Depreciation regulation. As per IT law,
1. asset acquired <180days shall be depreciated at 1/2 of the depreciation rate for the fiscal year
2. asset acquired >180days shall be depreciated at full rate for the fiscal year
I've created depreciation key with period control NL and IT, and configure 2 depreciaiton area i.e 01 for book and 02 for tax depreciation in India COD. 02-Tax depreciation is configured as managed at Group asset.
I created 2 Assets i.e Asset A and Asset B and both linked to Group Asset C. Say the depreciation rate is 15%
1. Asset A - Acquired on P1 of 2008 --> INR10000
2. Asset B - Acquired on P9 of 2008 --> INR10000
A & B are linked to Group Asset C in 02-Tax depreciation area.
When I view Group Asset depreciation, I noticed that the deprecition for 2008 computed as (1000015%)+(1000015%). Thus, although Asset B is still being depreciated at full rate of 15% instead of half of the rate.
Besides, is that normal that I'm not able to see depreciation at Asset A and Asset B in tax depreciation area 02 when they are managed at Group. I can only view the deprecation at Group asset C?
Appreciate help if anyone have similar experience. Thank you in advance.
rgds
WJHi,
If you want to adhere Indian IT laws then follow the below mentioned steps:
1. Maintain a relationship of 1:1 of AS01 & AS21, means when you create a new normal asset it should be tagged with a new group asset.
2. Try to use SAP standard delivered dep. keys.
3. Change asset value date determination in SPRO.
4. Tagged group asset into the normal asset master.
5. Check tax dep.figures under group asset.
Regards
Anuj Agarwal -
Tax Depreciation Calculation for Malaysia
Hi Guys,
We have a requirement to calculate Tax Depreciation for Malaysia with reference to the Capital Allowance.The scenario is like this:
For Asset Class say Office Equipments Initial Allowance is 20% and Annual Allowance is 10%
That means depreciation will be calculated @20% on the acquisition value immediately upon acquisition for one time. Again depreciation @10% per annum will be calculated on the acquisition value for the entire useful life of the asset from the date of acquisition.
Example: Asset is capitalised at MYR 10,000 on 1.1.2010
First Initial Depreciation would be: 20% on 10000= 2000
Annual Depreciation for 2010 would be : 10% on 10000= 1000 and this will be same for next 8 years.
Depreciation Method is SLM
In this case changeover should happen within the year.
Can you please suggest how to create a depreciation key in SAP for this.
Early respponse would be appreciated.
Regards,
ChandraHi Chandra,
Have you found the solution for this scenario?
Thanks -
Tax depreciation calculation - India
Hi,
For calculating Tax depreciation for India, we use group assets in asset master (dep area 15).
SAP standard report J1IQ is obsolete and can not be used.
How to calculate tax depreciation for India.
Requirement for India tax depreciation is :
An asset is put to use < 180 days, depreciation will be 50% of the depreciation rate for that asset (say dep rate is 15%, depreciation will be 7.5% of the asset value.
If asset is put to use > 180 days, depreciation will be 100% of the depreciation rate for that asset (say dep rate is 15%, depreciation will be 15% of the asset value).
J1IQ is obsolete.
Most of the consultants are facing this problem.
What is the solution???????????Dear Nagesha,
Please note that J1INQ is NOT in use and this report has been withdrawn by SAP.
Please review the below note in this reference.
738919 - IT Depreciation for Assets, India
The solution for IT Depreciation Calculation is being revamped and the
new solution shall be available in EhP5 SP02.
The general availability of this report will be announced through this
note.
There is no alternative as of now for the same.
Thanks for the understanding and co-operation.
Have a Nice Day,
if you are ok with the above info, then close this ticket.
Manu
Edited by: manucs on Dec 29, 2011 10:12 AM -
Hi,
Our company was bought in 2005 and I now need to ?revalue? all our assets for tax depreciation to their Original book value and restart the Tax depreciation. We kept our SAP system, so the tax depreciation in still calculating like there was no sale. We have gone through 1 year and calculated the tax depreciation manually, so I need to post this somehow in SAP so that when I run the tax depreciation this year it knows the corrected starting value, the accumulated tax for year 1 (done manually), and the tax for year 2.
I tried to do a test in the test system by changing the depreciation start date, but the system indicated that any posting in the previous period wont be allowed. The previous period posting is not allowed per corporate standards.
I appreicate your help.
With regards,
ShivaWhat you are describing, as I have seen it in the US, is a major undertaking. There is a program RAAUFW02 that can of assistance but you still have quite a bit of data collection to take care of.
-nathan
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