Depriciation calculating wrongly for a period DEC-13 For DUBAI entity.
Hi
while calculating the depreciation for dec-13 period for an Asset in dubai books .The system is calculating a dep amount of 2,093,166.97 AED instead of 1,807,301.39 AED.
it has calculated extra amount of 285865.58 AED.
no additions or cost adjustments have been done in this period.
The depreciation method used is STL.
The prorete convention is CURrent month
life of the asset is 3 years 10 months
remaining life is 2 years 5 months.
date placed in service is first july 2012.
could you kindly letus know whwt could be the reason.and what are all factors to check.
why the depreciation has been calculated wrongly.
0