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Reply from FICO_Consultant on Jan 12 at 9:54 AM Hi Rocco,
I think we have the same rule, % of depreciation for buildings. It is 7% depreciation for building for this specific industry. Does it mean that you have more than one depreciation key? It makes the depreciation amount accurate, right?
You are correct, the first year must be depreciated only for the 50% of the annual depreciation. Does it mean that if an asset is purchased in February, the depreciation starts only in July? or is the 50% spread out from February - Dec? How did you maintain the period control, with smoothing?
There is no requirement for me to separate dep keys for used and new assets. Can you share?
Thank you very much. You have been helpful. Appreciate your reply to my questions.
| | | ---------------Original Message---------------
From: FICO_Consultant
Sent: Thursday, January 05, 2012 3:20 AM
Subject: Italy - Asset Accounting - Useful Life and Depreciation Rate
Hi Experts,
I am doing asset accounting for an Italian company. I am not very familiar with the Italian statutory requirements. The link from help sap http://help.sap.com/saphelp_erp60/helpdata/en/49/2 b4613268c6492e10000000a42189b/frameset.htm does not give me much information either.
I would greatly appreciate if you can enlighten me on the depreciation rate and useful life of asset in compliance with Italian statutory requirements.
My user is telling me that the tax law provides an annual depreciation of 7% for a building. It results to useful life with decimal places (e.g. 13.49). This useful life results to years, periods, and days. We only have useful life in years and periods in SAP. If you have done a project in Italy, did you encounter this requirement and how did you handle?
Thanks. |
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