Bonus Depreciation
We have a requirement for having just the Bonus Depreciation in the 1st year and different rates in the subsequent year, So for example,
1st Year | 2nd Year | DPIS | JUNE | ||||
Cost | Bonus | Rate | SHOULD BE | ||||
Year 1 | Year 2 | Year 3 | |||||
10000 | 25% | 30% | Depreciation | 2500 | 2250 | 1575 | |
NBV | 7500 | 5250 | 3675 |
In the Year 1, depreciation should be 25% i.e 2500, Year 2, it should be 30% of the NBV, which is 5250 and so on.
While I am setting the Bonus depreciation, it also calcuates the regualr depreciation in the 1st year.
Any ways to achieve this?
Thanks!