Conversion Questions

Hi Gurus

Here is the situation and I need guidance form the gurus.

In Legacy, an asset that originally placed in Service in Jun-2010 with a straight line method and life of 60 months.

Original Cost of Asset - 6000

DPIS 6/1/2010

Prorate convention - FOL-Month (so, effectively Depreciation was charged from Jul 2010)

Accumulated Depreciation - 4200 (Number of months Depreciation charged - 42)

NBV as of Dec-2013 - 1800

On Dec 31, 2013, the life was extended by another 48 months. In legacy, Depreciation for each of the months of 2014, from Jan to Mar 14 Depreciation has been calculated @ 37.50 per month on the basis of NBV of 1800 amortized over the new remaining months of 48 months.