recalculation of depreciation on change in depreciation methods
This is the situation as per indian accounting standard.
As per accounting standard if an organization change its depreciation method e.g from SLM to WDV or vise versa, system should recalculate the depreciation for all assets from first acquisition date. i am trying to explain the situation the following example:-
first acquisiton in assets X - 01.04.90
dep method - SLM
management decision to change depreciation method - SLM (old) WDV (new) as on 01.04.2007.
on this situation system should recalculate the depreciation from 01.04.90 as per WDV method and post the diffencial in april'07.
is above situation is possible in SAP. if yes please explain in detail. if not then what is the best possible way to meet this requirement.