User defined depreciation rule for 40% Limit in Year 1 on Cost & 20 % on cost for next 3 years
Hi All,
We need to setup the depreciation rule that will take only 40% of the First year depreciation in year one ( the asset may be purchased in any month or period).
Depreciation will be 40% in the 1st year SLM on Cost & will distribute full depreciation for remaining months in year 1.
Then calculate the Straight Line Depreciation for remaining 3 year on 20 % each year on Cost.
Please see the example -
Basis Cost of Asset - 12000 ; Date Pattern is 1st July 2012 to 30th June 2013.
Date of Purchase: November 2012
Rate of Depreciation :
1st Year - 40%
2nd Year - 20%
3rd Year - 20%
4th Year - 20%
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