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Hi All,
Can someone please explain about Depreciation books in Fixed Assets for AX 2012.
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Hi Naresh,
Please have a look at the following sites:
msdn.microsoft.com/.../aa497185(v=ax.10).aspx
technet.microsoft.com/.../aa572416.aspx
All the best,
Ludwig
Dear Narsh M,
Depreciation books is a concept in Ax where in the system allows the users to maintain multiple depreciation books based on the requirements of the law. In India the companies can maintain depreciation as per Income Tax Act & Companies Act. Both the governing laws have different requirements when it comes to maintaining the depreciation by the companies.
Since Ax 2012 provides a feature of maintaining multiple depreciation books, it becomes easy for the companies to maintain the depreciation reporting as required by different laws.
To achieve this the users can create multiple depreciation books, and the depreciation book that is used for the Taxation purpose can be set to record transaction into the tax layer. Doing this will help the company to maintain the Depreciation transactions without impacting the general ledger entries.
To Setup Depreciation Books:
Fixed Assets –> Setup –> Depreciation –> Depreciation books
dynamicsteaching.com/depreciation-books-in-ax-2012
Hi Ludwig and Prashant,
Really Thanks
As per Prashant reply we had designed the depreciation book Now we are not able to understand how can use the same ..
How can use Depreciation Book Functionality ?
What is the use of Derived Value Models and Depreciation Book ?
Example :
Acquired Asset code ####
Depreciation Method : Reducing balance
Depreciation Profile Current Layer : 25%
Depreciation Profile Posting Layer : 20%
Value Model : Posting Layer use both current and Tax
Posting Profile Set up done
Fixed Asset group Linked with Value Model and Depreciation Book ..
Now , I acquired one asset of respective assets group and depreciated but there no effect in Depreciation Book and i also want to know how can check Income tax Depreciation amount in Depreciation Book and Value Model Transaction .
Kindly Suggest ..
Thanks In advance
Hi shardendu Prakash Sharma,
Typically the value model that you use and the depreciation book are linked only for some transaction types, such as acquisitions, acquisition adjustments and alike.
Depreciations are typically not connected because you regularly want to calculate them differently for your value models and depreciation book.
For that reason a separate depreciation book journal is available that requires you running a separate depreciation proposal for that book.
Hope this helps.
Best regards,
Hi Ludwig ,
Really Thanks...
Depreciation book Journal Concept is Cleared !
During depreciation proposal can i calculate Posting layer -- Current and Tax both.
Navigation --> Fixed Assets -- Journals -- Fixed Assets (with the help proposals -- Depreciation Proposal)
Actually I want when generate Company Act Depreciation System auto calculate Income Tax Depreciation is it possible ?
I created one set up but depreciation is not calculated Tax layer Automatic.
In Value Model --- Layer - Current , Depreciation Marked and Assets Group Unmarked
Layer - Tax , Depreciation Marked and Assets Group Unmarked
Depreciation Book -- Depreciation Marked
Please Suggest if above scenario possible so what configuration will require.
Your answer will be appreciate me ....
Best Regards...
Shardendu Prakash Sharma
Hi Team
Please let me know, I also need same configuration.
Please also explain step by step procedure. how we can configuration depreciation as per income tax concept if asset is more than 180 days follow different percentage. If asset is less than 180 days then depreciation percentage is different.
Hello amit.nysa01,
This is an already old thread. Not sure if you refer to the exact same issue and system version. For that reason, it might be better creating a new thread/post on this forum.
Many thanks and best regards,
In AX 2012 we used the depreciation book journal to calculate tax depreciation which does not post to the ledger. I have setup a book called TAX in D365 that does not post to the ledger but when I try to create a proposal I noticed the filter has a hard choice of current as the posting layer & will not calculate tax depreciation. How is tax handled in D365?
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