Scrap Value Depreciation (Uniform Depreciation) 
Scrap Value Depreciation (Uniform Depreciation)
Use
Korea's Corporate Tax Law defines the report format for the uniform depreciation of the scrap value of assets acquired before 1 January 1995. This report creates a printout that complies with that law and must be submitted annually. The report can be submitted as it stands, assuming that all the requirements have been met (see below).
To access the report, from the SAP Easy Access screen, choose Accounting ® Financial Accounting ® Fixed Assets ® Information System ® Reports on Asset Accounting ® Taxes ® Country Specifics ® Korea ® Scrap Value Depreciation (Uniform Depreciation).
Prerequisites
You have maintained the company code master data, including its name and the HQ business place's VAT registration number. If the report is to cover depreciation that has already been posted, you must ensure that the depreciation run has been executed or the depreciation has been posted.
Before you run the report, run report RAIDKRC05. This checks that each asset's remaining book value has reached 10% exactly.
Features
The assets are sorted according to the year in which their remaining book value reached 10%. The depreciation of the remaining book value starts the following year, known as the changeover year. The changeover year is calculated by the system and then read by this report. For this to work properly, you can only use depreciation keys for which a changeover phase is intended.
The changeover phase also contains the information about the number of years intended for the depreciation of the remaining book value (3, 4, or 5). The report does not work on the assumption that this is the same for all assets. On the contrary, the list is sorted by the total number of years' depreciation for the remaining book value and the number of years actually remaining until the asset is fully written off.
Selection
On the selection screen, enter the following data:
Specifies the area in which values and depreciation are recorded for Korean book depreciation. Most of the data in this report relates to this area.
Specifies the depreciation area that the report is to cover. If you do not specify a tax depreciation area, the report covers book depreciation.
Shows the posted depreciation amounts instead of the planned amounts.
Output
The assets are listed according to the year in which the scrap value was reached, then according to the number of years intended for the depreciation of the scrap value (3, 4, or 5), then according to the number of years remaining until the asset is written off.
If you select Posted amounts, the list shows the depreciation amounts that have already been posted (field [10]).