What are the prerequisites  to create New Depreciation areas

Hi SAP experts,
I would like to know what are the prerequisites to create new depreciation areas and what is the configuration for this in details.
Thanks & Regards
Mouly

Hi Mouly,
The pre- requisite for creation of depreciation area are
- Reporting of depreciation as per different laws i.e in india, we need to report depn as per Ind accounting standards, as per income tax act, etc
- Whether we are using parallel currency or not for that company code.
Regards
Vivek

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