Hello Experts,
Need your help in configuring a typical requirement for ITALY tax. We cannot propose an enhancement at this stage of the project and so need to understand if we can fulfill this requirement using standard SAP. I searched a few threads, but that doesn't seem to help.
The first year depreciation should 50% of the annual depreciation calculated using straight line method and the depreciation start date should be date of capitalization.
Example Say an asset useful life is 12 years with APC as 12000 and acquisition being 1st of Oct 2015, then expected depreciation is
Year 1: 500 starting on 1st Oct 2015
Year 2:1000
Year 3:1000
Year 4:1000
Year 5:1000
Year 6: 1000
Year 7:1000
Year 8:1000
Year 9:1000
Year 10:1000
Year 11:1000
Year 12:500
I tried using half year similar to US tax requirement, but the depreciation start date is 1st July 2015, which is not acceptable.
Thanks,
Pradeesh