Setting Up Fixed Asset Localization For Block Of Assets
Define Block Name:
Navigation : India Local Fixed Assets > India Localization > Block of Assets > Asia/Pacific Lookups..
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Query by JAI_BLOCK_OF_ASSETS.
You can find the list of block of assets from the lookup.
Modify existing block of assets and you can add new block of assets that you are going to use in transaction in future.
Save the details.
Navigate to the Opening Balance of Block India Localization using the India Local Fixed Assets > India Localization > Block of Assets >
Define Block of Assets.
Setting Up Fixed Asset Localization For Block Of Assets
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Attach the block of asset to the book and define Depreciation Rates in the Depreciation region:
Enter the Book Name for which you are going to do the setup. Automatically, that will show you all the blocks attached and their
depreciation rate.
Enter the opening balance for the block.
Adjustment if required
Save it.
Setting Up Fixed Asset Localization For Block Of Assets
Navigate to the Period-Wise Depreciation India Localization window using India Local Fixed Assets > India Localization > Block of Assets >
Define Periodwise Dep Details.
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Query for the required year start and end date.
Define the period-wise depreciation rate.
Save it.
Setting Up Fixed Asset Localization For Block Of Assets
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Attach the asset to the Block of Assets
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Select the Asset book to which you want to add the asset.
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Click on New option. The assets assigned to the block are listed within the specified date range.
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Select the block to which each of these assets needs to be linked.
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Save the records.
The assets assigned to the block are listed within the specified date range.
Setting Up Fixed Asset Localization For Block Of Assets
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Select the block to which each of these assets needs to be linked.
Click on Attach .
Save the records.
Setting Up Fixed Asset Localization For Block Of Assets
India - Income Tax Act Fixed Asset Schedules Concurrent Program
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Enter the Start Date as the start date to get the depreciation details.
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Enter the End Date when until when the depreciation details have to be retrieved.
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Select or enter the Book Name.
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This report calculates closing WDV for each block at the end of the period mentioned in the report parameter.
India - Depreciation Detail Report
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Select the Level of Detail the report must display. Valid values are: Detail and Summary
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This report provides information on depreciation calculated for each asset. Closing WDV are mentioned as per calculation happened
in India - Income Tax Act Fixed Asset Schedules Concurrent Program.
Setting Up Fixed Asset Localization For Block Of Assets