Fixed Assets - EBS (MOSC)

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Which is perfect deprecation method as per our requirement

edited May 28, 2013 7:26AM in Fixed Assets - EBS (MOSC) 2 commentsAnswered
Which is perfect deprecation method as per our requirement. Remaining Asset value/remaining Life of asset.

Example of Asset details as of 31-Dec-2012         

Asset Cost                                                                           10,596,057.14

Accumulated Depreciation as 31-Dec-12                             6,675,397.02

Net Book Value                                                                     3,920,660.12

System is calculating as STL(asset cost/total)                          42,384.23

We need from 01-Jan-2013 onwards

(Remaining Asset value/remaining life)                                   32,672.17(3,920,660.12/120)

Date Place in Service                                                                 1-Mar-01

Total Life in months                                                                      250.00

Remaining life as 01-Jan-2013                                                     120.00

Please someone can suggest the proper solution.

Regadrs

Siva Kumar

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