Depreciation Calculation at Retirement
Trying to figure out what my system is doing. Here's my Asset settling.
Cost $10,000
DPIS Jan 2010
Method: MACRS DDB , 3 Years and Half Year Prorate Convention
Asset Retired March 2012
Rate Computes to"
Year 1 .33333 2010
Year 2 .44445 2011
Year 3 .14818 2012
Year 4 .07407 2013
How much year-to-date depreciation should calculate on the asset? I think ($10,000 * .14818 = $1,481.80) / 2 (1/2 years worth) = $740.90, but system is doing something else. Also, years 2010 and 2011 calculated depreciation according to the rate chart correctly. Any help would be GREATLY appreciated.