According to new company act schedule III 2013 in SAP Business one,how we can manage WDV calculation as we have to generate new depreciation rate in each year.
Thanks for sharing document but actually I want to use method WDV Depreciation calculation over useful life as per new company act schedule II 2013 in SAP Business One & you shared for R3.
As per new company act depreciation calculation in WDV method is changed now.
We are having WDV/reducing balance method for depreciation. There was different WDV depreciation rates
defined in the Companies Act for different asset classes.
Now new Companies Act, 2013 has defined useful life of different classes of assets
e.g. Plant & Machinery 15 years, Building 30 years, computer 3 years, etc. Residual value shall be 5% of acquisition value.
Example: Net Book Value 10000 on 31.03.2014
Residual Value 5% & Remaining useful life 10 years
Dep Percentage to cal by system = 1-((5/100)^(1/10)) = 25.89%
this percentage can be different for remaining years of same asset.
Can you suggest A method so which would automatically calculate the depreciation rates based on the useful life entered on each assets in Sap Business one 9.0?
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