What are the prerequisites to create New Depreciation areas

[Former Member]

Hi SAP experts,

I would like to know what are the prerequisites to create new depreciation areas and what is the configuration for this in details.

Thanks & Regards

Mouly

[Former Member]

Hi Mr. Vivek,

Thank you for your quick reply.

As per you if we want to create new depreciation areas what is the configuration and where we create this.explain in detail with t codes.

[Former Member]

Hi Mouly,

The pre- requisite for creation of depreciation area are

- Reporting of depreciation as per different laws i.e in india, we need to report depn as per Ind accounting standards, as per income tax act, etc

- Whether we are using parallel currency or not for that company code.

Regards

Vivek