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Fixed asset Depreciation and Disposal issue with India localization Fixed assets group depreciation

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Posted on by JaydeepChandnani

Hello Everyone,

I have configured Fixed asset for India localization and I'm getting below issues:

1. When depreciation is calculated for Fiscal period instead of Fiscal year, Depreciation amount is incorrect in second year onwards.

2. Depreciation calculation after disposal is incorrect. Need to understand the logic of depreciation calculation after disposal.

3. Need to know the logic for "Sale of asset basis" in Fixed asset parameters

Below are the setups:

Parameters:

Group/book setup:

Transactions posted for asset group: (Asset was disposed at 0 value)

For year 2018, its calculating 10410 as depreciation (Not able to get the logic for this calculation)

Will appreciate advice from someone who has implemented FA Tax books for India localization.

Thanks,

Jaydeep

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JaydeepChandnani 15 on at

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RE: Fixed asset Depreciation and Disposal issue with India localization Fixed assets group depreciation

Hi Devesh,

When we enable Group depreciation for India localization "Calculate depreciation" is automatically turned off.
Devesh Tak 52 on at

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RE: Fixed asset Depreciation and Disposal issue with India localization Fixed assets group depreciation

Hi Jaydeep,

Can you please explain in Books Setup why "Calculate Depreciation" is disabled?
JaydeepChandnani 15 on at

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RE: Fixed asset Depreciation and Disposal issue with India localization Fixed assets group depreciation

Hi Devesh,

Thanks for your response!

Below are the setups:

Depreciation profile:

Book:

I also tried to replicate the example shared by MS in this link https://learn.microsoft.com/en-us/dynamics365/finance/localizations/apac-ind-calculate-post-depreciation

But its not calculating the correct depreciation for this example as well, as per example depreciation should be 19200, but system is calculating 23700
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Devesh Tak 52 on at

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RE: Fixed asset Depreciation and Disposal issue with India localization Fixed assets group depreciation

Hi Jaydeep,

Please look into the Depreciation profile, what method you are using to calculate the depreciation, and also review the setup for the books and which book you have attached to the Fixed Asset.

Best Regards

Devesh.
Charlotte X on at

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RE: Fixed asset Depreciation and Disposal issue with India localization Fixed assets group depreciation

Hi JaydeepChandnani,

Please wait for someone more experienced in this area to answer this question.

Best Regards,

Charlotte