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Checking impacts of setup difference between Corporate Book and Tax Book

Received Response
edited Dec 5, 2023 10:26AM in Assets 1 comment


Hi, i would like to seek help in checking the impacts of Scenarios below. (Attached is the sample incase below illustration confuses)

Scenario 1 New FA with gap useful life between Corp book and Tax book example.

Asset Name/Asset Book/Asset Category /Useful Life (Months)

Asset A/Corp Book/ Building / 180

Asset A /Tax Book / Building / 120

Q1 Can set same category in both Corp book and Tax book with different useful life?

Q2 After set up and user copy asset to tax book >> Do they need to make any change to the useful life?

Scenario 2 Change useful life FA per accounting but useful life per tax is still the same

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