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Japan Asset Book Regional Information and Tax Authority Details

in Assets 5 comments

Summary:

While configuring Japan Asset Book, I can see that there is Regional Information tab.

Q1- Are we suppose to enter this detail in CORP Book or Tax Book? Also I want to understand the importance of populating the details in this tab.

Q2- In this Regional Information there is 'Enter Tax Authority' tab - Can someone please tell me the importance of this. What do we need to populate Tax Authority Name, Code?

Q3- Example Computer in CORPORATE Book has 6 years life; Tax Book has 5 years and if the asset cost is less that 200,000 JPY, tax book asset should be depreciated in 3 years in equal amount. Is there any standard functionality to achieve this for Tax Book?

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