Query on dep.
Really I am confusing about depreciation. Please let me have idea on depreciation.
Usually in straight line dep. method dep. calculation will happen on useful life.
Ex:- Asset value-1000 USD
Useful life- 10 Years
Dep. per year- 1000/10=100 USD
Here no need to use dep. rates. Then why are we using dep. % and how this %'s will calculate dep.
I am very greatful to the peron who will clarifies my doubt.
Thanks in advance
sanjeev chandorkar replied
yes the useful life in asset master needs to be maintained where dep is caculated based on useful life. The base method should be percentage from useful life and method of depreciation should be straight line method. i believe sap has a standard dep key which is configured for dep based on useful life nevertheless i will reply in the same blog with detailed information for configuration.