Calculating Accelerated Depreciation for France Tax Book
Hi All,
We have a requirement from business to capture France Tax Accelerated depreciation amounts. This amount is divided into two parts-
Lets say France Tax calculates total depreciation on a vehicle at a rate of 30% for first year, 20% for second and third year and 10% each for forth, fifth and sixth year respectively. (example- Lets assume the total depreciation amount for France tax according to this method is $1000 for a month)
Part 1) First, the depreciation expense account of France Tax Book should capture the depreciation amount of the corporate book (lets assume its $700). This deprecation amount is getting interfaced to Oracle FA from a third party system utilizing the unplanned depreciation functionality. (We already have this integration in place)