Define Depreciation Method
SummaryDefine Depreciation Method
We have TV series and we will create a fixed asset for each episode of these series. each episode will be a fixed asset. The depreciation calculation logic of these fixed assets should be as follows: 85% for a year, 15% for the second year.
- The asset's in service date is 01.11.2020
- For the period 01.01.2020- 31.11.2020, the system should calculate the accumulated depreciation as %85/12 * (2020-11 period).
- When the depreciation is calculated in the 12th month, the depreciation of 85% will be calculated for this: 85% / 12 * (2020-12 period).
- In the 2nd year, it is required to calculate 15/12%. For example, for 31.01.2021 depreciation should be calculated as (2020-01 period).