Alternative depreciation System
Hi Team,
Kindly assist us on below mentioned requirement, we would your assistance to how to define a custom Depreciation Method based on our requirement
We have a new requirement to configure ADS (Alternative Depreciation System) Tax Book in Fixed Assets Module
At this moment, we have Corp Book in Fusion Fixed Asset module, and now we need to configure TAX Book (ADS)
In ADS Tax Book, we need to depreciation Assets with different Depreciation % in each year.
Example :
Asset is : 120,000
Asset Life : 5 Years
Tax Team has suggested below mentioned Depreciation % in each Year.
1st Year : Depreciation should be charged with 10 Percentage
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