Hello Gurus,
Can you all please let me know the Config Settings we need to have for Group Asset retirement in USA.
Basically I want to know , how we should be configuring the Asset module for this scenario with the Guidelines.
1) Partial Retirement of a Group Asset ( I do not have a Separate class for group asset in My System) Also there are no Individual asset records maintain.
This scenario is for an Asset with Quantity more than 1 and the guideline we want to adhere are to be as for Group Asset. In this case I know that I need to post to the Accu. Dep Account for retirement, But not sure if in USA this only applies to Partial retirement or it applies for Full retirement.
2) When Partial retirement is performed, do we need to update the Tax calc rate or is there a need to change the remaining useful life, etc. ?
3) Are the group assets allowed for depreciation after end of useful life ?
Reagrds
Arvind Reddy