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what is the use of depreciation books for fixed assets. can any one give the clear explanation
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Hi subashini,
Depreciation books were initially introduced long time ago to track special fixed asset related tax situations especially in the US context. The major difference to value models is that they do not generate ledger entries. I often see companies outside of the US using depreciation books e.g. for simulation purposes and alike that are not supposed to hit ledger accounts.
I do not know your requirement regarding fixed asset but when it comes to do a kind of parallel accounting required for fixed assets e.g. in order to calculate depreciation according to local GAAP and let's say IFRS, I always use value models that track those amounts on ledger accounts. That is because value models and the ledger postings they generate can be included in financial Management Reporter Statement whereas depreciation book related calculations can't.
Some additional Information and discusssion regarding depreciation books can be found here: technet.microsoft.com/.../aa572416.aspx, community.dynamics.com/.../51082.
Best regards,
Ludwig
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Syed Haris Shah
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