Low Value Asset depreciation change from Fiscal year to calendar year
Hi SAP Gurus,
My clients fiscal year starts from March and end in Feb. All assets are depreciated according to the fiscal year.
However, Germany just passed a law indicating that starting 1/1/08, all low value assets with the value from 151 EUR 1000 EUR need to be depreciated over 5 years. Also, the depreciation needs to be based on calendar year rather than fiscal year.
How could I set up a depreciation key that is based on Calendar Year? I thought about setting up a new depreciation area assign Fiscal Year Variant K4 to the depreciation area to handle this. Is there another way to do this?
Any help will be greatly appreciated.