Depreciation calculation when dep method is changed
Hi,
Can anyone please tell me, How FA calculates depreciation of an asset if the depreciation method is changed. This would be expensed adjustment not amortized.
For example:
Asset cost: 312500
Salvage Value: 31250
Current Dep method: STL 13 years with 17.6%
New Dep reciation Method: Flat with 31.9%
DPIS: 02-jan-09
Prorate Convention: 01-jan-09
With current method depreciation is calculated till jul-09 and in august my clients wants to switch the dep. method to "Flat with 31.9%"
Kindly tell me the calculation that oracle will perform in order get the correct depreciation amount with new depreciation method from DPIS till aug-09.
Can anyone please tell me, How FA calculates depreciation of an asset if the depreciation method is changed. This would be expensed adjustment not amortized.
For example:
Asset cost: 312500
Salvage Value: 31250
Current Dep method: STL 13 years with 17.6%
New Dep reciation Method: Flat with 31.9%
DPIS: 02-jan-09
Prorate Convention: 01-jan-09
With current method depreciation is calculated till jul-09 and in august my clients wants to switch the dep. method to "Flat with 31.9%"
Kindly tell me the calculation that oracle will perform in order get the correct depreciation amount with new depreciation method from DPIS till aug-09.
0