Help to set up a new Asset with partial depreciation
Summary
Need to set up an asset with partial depreciation, the depreciation reserve to be depreciate in a straight line for the remaining life.Content
All,
Need your help to set up an asset.
| Asset A | |
| Cost | 3,960 |
| Residual Value | 10% |
| 396 | |
| Recoverable Cost | 3,600 |
| 3,600 | |
| Depreciation Reserve | 1,200 |
| Netbook Value | 2,400 |
| In Service Date | 43,466 |
| Life in Years | 3 years |
| Remaining life in Service | 2 years |
| Remaining period | 24 |
| Expected Depreciation | 100 |
Please advise.
Thanks.
Version
20A
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