Formula Method with NBV gives wrong depreciation amount calculation
Summary
Formula Method with NBV gives wrong depreciation amount calculationContent
Hi Experts,
I have an asset cost $237483.76 and Reserve $13211.51 i.e. NBV = $224,272.25. Considering remaining life = 56 months the value should have been $4,004.86.
Seems like when i use the Formula method with NBV and depreciable basis rule as "User Transaction Period Basis". NBV is not considered for calculating the depreciation, Oracle is considering the asset cost. Is this the expected behaviour. Pls suggest
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