If you're here then you probably already know about how the IRS has a separate depreciation schedule for passenger vehicles (including electric vehicles). This was referred to as luxury auto depreciation. This blog will show you that it can easily be done in SAP.
Handling US Tax Depreciation in SAP (Part 5): Mid-Period and Mid-Quarter Convention
SAP can easily handle US tax depreciation requirements. In this blog, I'll show how the US Mid-Quarter convention works.
Handling US Tax Depreciation in SAP (Part 4): Prior Year Adjustments
For the tax accountants that want to know if they can make prior year asset basis adjustments without impacting the corporate book.
Handling US Tax Depreciation in SAP (Part 3): Basis Adjustments
Third part of the blog series covers how tax basis adjustments are made so that the corporate book isn't impacted.
Handling US Tax Depreciation in SAP (Part 2): Separate Books
To better understand how SAP Fixed Assets supports US Tax calculations we'll have to review how SAP keeps all of the asset valuations separate.
Handling US Tax Depreciation in SAP (Part 1): The Basics
Can SAP Fixed Assets handle the complicated (and ever-changing) rules for US Taxes? Step into this blog series to see what's possible.