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

Posted on by 15

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:

pastedimage1663674337893v1.png

Group/book setup:

pastedimage1663674453570v2.png

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

pastedimage1663674634084v3.png

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

pastedimage1663674739015v4.png

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

Thanks,

Jaydeep

  • JaydeepChandnani Profile Picture
    JaydeepChandnani 15 on at
    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 Profile Picture
    Devesh Tak 52 on at
    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 Profile Picture
    JaydeepChandnani 15 on at
    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:

    pastedimage1663753822665v1.png

    Book:

    pastedimage1663753878927v2.png

    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

    pastedimage1663754066218v3.png

  • Suggested answer
    Devesh Tak Profile Picture
    Devesh Tak 52 on at
    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 Profile Picture
    Charlotte X on at
    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

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