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We wanted to understand if , It it possible to depreciate assets in the below manner ?

in Assets 3 comments

Summary:

We wanted to understand if , It it possible to depreciate assets in the below manner ?

If so, Please let us know how to achieve the same.

Requirement:

Depreciate 25 % from the acquisition cost(Asset Cost/Balances) every year.
Life of the Asset will be 4 years.
No matter when the asset is added in a year, It must depreciate 25 % end of the year.

e.g.
Asset 1 added in Jun 1st 2023 , Having a value of 1000 EUR

Expected Depreciation is as below
Depreciate 25 % every year for 4 yrs.

in 2023 25 % depreciation i.e 250 EUR (Balance 750 EUR)
in 2024 25 % depreciation i.e 250 EUR (Balance 500 EUR)
in 2025 25 % depreciation i.e 250 EUR (Balance 250 EUR)

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