How to Calculate depreciation in a Table based method
Hi
I am adding a asset with below details
Cost - 713.91
DPIS - 30-NOV-2001
Prorate date - 15-DEC-2001
Accumulated depreciation - 676.53
Asset is added in Jan 2011
Fiscal year is from Jan to Dec
Depreciation method - DEC10Y-2008 (It is a table based method with Cost basis and has 120 months life) The rates for this method are as follows
1 -12- .01875
2 -12 -.22078
3 -12- .17111
4- 12- .13261
5- 12- .10277
6 -12- .07965
7- 12- .06858
8- 12- .06858
9- 12- .06859
10- 12- .06858
11- 12- 0
When the asset is added in Jan-11 period system is not calculating any depreciation amount for Jan-11 period even though the assets life is not yet completed
I am adding a asset with below details
Cost - 713.91
DPIS - 30-NOV-2001
Prorate date - 15-DEC-2001
Accumulated depreciation - 676.53
Asset is added in Jan 2011
Fiscal year is from Jan to Dec
Depreciation method - DEC10Y-2008 (It is a table based method with Cost basis and has 120 months life) The rates for this method are as follows
1 -12- .01875
2 -12 -.22078
3 -12- .17111
4- 12- .13261
5- 12- .10277
6 -12- .07965
7- 12- .06858
8- 12- .06858
9- 12- .06859
10- 12- .06858
11- 12- 0
When the asset is added in Jan-11 period system is not calculating any depreciation amount for Jan-11 period even though the assets life is not yet completed
0