Fixed Assets - EBS (MOSC)

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How to define Depreciation Method for an Asset which is Licence of Software

edited Aug 13, 2013 6:09AM in Fixed Assets - EBS (MOSC) 13 commentsAnswered
 Hi,
I have this business, please help me how to select/define Depreciation Method for it:

Buy an Licence of Software with cost 300$. Follow government, it must be manage as an asset, an prorate as follow:

- Year 1: 60% --> 180$
- Year 2: 30% --> 90$
- Year 3: 10% --> 30%

For each year, we must use method Straight Line daily to depreciate the value of year.

Please guide me how to setup method to meet the required formula. Many thanks!

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