Asset Reports 

Tangible and Intangible Asset Depreciation Reconciliation Detail ® Straight-line Depreciation: Acquisition before December 31, 1994 (RAIDKRA01)

The report, Tangible & Intangible Asset Depreciation Reconciliation Detail (straight-line method), is required by the tax authorities according to Korean corporate tax law. The report only includes assets acquired prior to December 31, 1994 and subject to straight-line depreciation method. It is produced individually by depreciation area. Area 01 is defaulted, but area 02 can be selected to display the tax depreciation amount. Two output formats are available for this report. One is directly printed out with complete lines and columns from R/3 and the other is to be downloaded for further editing.

Tangible Asset Depreciation Reconciliation Detail ® Declining-balance: Acquisition before December 31, 1994 (RAIDKRA02)

The report, Tangible Asset Depreciation Reconciliation Detail (declining-balance method), is required according to Korean corporate tax law by the tax authorities. The report only includes assets acquired prior to December 31, 1994 and are subject to declining-balance depreciation method. It can be individually produced by depreciation area. Area 01 is defaulted, but area 02 can be selected to display the tax depreciation amount. Two output formats are available for this report. One can be directly printed out from R/3 with complete lines and columns and the other is to be downloaded for further editing.

Tangible and Intangible Asset Depreciation Reconciliation Detail ® Straight-line: after Jan. 1, 1995 (RAIDKRA03)

The report, Tangible and Intangible Asset Depreciation Reconciliation Detail (straight-line method) is required according to Korean corporate tax law by tax authorities. This report only includes assets acquired after January 1, 1995 and subject to straight-line depreciation method. It can be individually produced by depreciation area. Area 01 is defaulted, but area 02 can be selected to display the tax depreciation amount. The report uses the field value of the evaluation group 1 entered in the asset master record for grouping. Two output formats are available for this report. One can be directly printed out from R/3 with complete lines and columns and the other is to be downloaded for further editing.

Tangible Asset Depreciation Reconciliation Detail ® Declining-balance: after Jan. 1, 1995 (RAIDKRA04)

The report, Tangible Asset Depreciation Reconciliation Detail (declining-balance method) is required according to Korean corporate tax law by tax authorities. This report only includes assets acquired after January 1, 1995 and subject to declining-balance depreciation method. It can be individually produced by depreciation area. Area 01 is defaulted, but area 02 can be selected to display the tax depreciation amount. The report uses the field value of the evaluation group 1 entered in the asset master record for grouping. Two output formats are available for this report. One can be directly printed out from R/3 with complete lines and columns and the other is to be downloaded for further editing.

Tangible Asset Depreciation Detail (RAIDKRB01)

The report is used to provide basic information required by Korean GAAP on the acquisition value and the accumulated depreciation of the tangible assets. The report contains the business place identification, beginning and ending balances and increase and decrease amounts of the current year for individual accounts. The assets are assigned to the individual business places by entering the business place code into the evaluation group field of the asset master record.

Intangible Asset Detail (RAIDKRB02)

This report is used to provide basic information required by Korean GAAP regarding intangible assets. The report contains acquisition value, beginning and ending balances and increase and decrease amounts of the current year for individual accounts. The assets are assigned to the individual business places by entering the business place code into the evaluation group field of the asset master record.

Depreciated Assets and Depreciation Value Range Calculation Statement (RAIDKRA05)

Under the Corporate Tax Law, this report should be submitted once a year after the closing of the fiscal year for the assets acquired after January 1, 1995. The report is created on a summarized basis according to useful life, classification (useful life expired, useful life not expired, asset of deemed depreciation) and acquisition period (first half or second half of the year). The name of the asset is filled by the representative asset, and the amount field by summarized value. The report printed out is directly presentable to the tax office without any adjustment due to its strict compliance with the legal requirements in terms of both the format and the data. The corporate name of the company and the VAT registration number of the HQ business place must be registered in customizing. See organizational units for the correct customizing.

Residual Value Depreciation Adjustment Statement (RAIDKRA06)

This report is a statement on the assets acquired before December 31, 1994 for which the depreciation of the residual values has started. The Corporate Tax Law requires the report once a year after the closing of the fiscal year. The report is prepared according to the legal format. In order to execute the report, the corporate name of the company and the VAT registration number of the HQ business place must be registered. See organizational units for the correct customizing. The asset master must contain a depreciation key that contains a change-over key from that the reports reads the the number of years for the uniform depreciation of the residual value (3,4.5 years). In the selection screen, Tax area is maintained with depreciation area to manage depreciation limits and Depreciation key is maintained with depreciation key assigned to uniform depreciation. For further details, please refer to the online documentation of the reports.