We have a requirement where
the depreciation should be provided two options.
Option1-> Non commercial vehicle -> depreciation for tax area is maximum at 1 million.
Option2-> Commercial vehicle -> depreciation for both tax and book is the same. Run depreciation over 6 years with 1 BV left over if it has been used more than 6 years.
Moreover for the tax depreciation the value has been posted for previous year. At the end of useful life this has to be reversed.
As far as I know we cannot have both the option 1 and 2 in the same asset class.
Kindly let me know if there is any solution for any of these above stated problem. It urgent