Fixed Assets - EBS (MOSC)

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WDV Method Guidance

edited Jul 26, 2014 5:00AM in Fixed Assets - EBS (MOSC) 3 commentsAnswered

    Hi Experts,

Please help me on this

I need to keep Salvage Value of 5% of the Asset and depreciate the remaining amount over the life of Asset, using the written down value method

Using SLM: the SV remains, and the depreciation is charged fully, no issue on this.

Cost

  1. 100.00

Life

  1. 10.00

Metod

SLM

SV

  1. 0.05

Years

Cost

Dep

1

  1. 95.00
  2. 9.50

2

  1. 95.00
  2. 9.50

3

  1. 95.00
  2. 9.50

4

  1. 95.00
  2. 9.50

5

  1. 95.00
  2. 9.50

6

  1. 95.00
  2. 9.50

7

  1. 95.00
  2. 9.50

8

  1. 95.00
  2. 9.50

9

  1. 95.00
  2. 9.50

10

  1. 95.00
  2. 9.50

Net Depreciation Charged

  1. 95.00

How to use the same in WDV method and depreciate the 95% value fully (100%) and 5% Salvage value still remains, at the end of the asset life ?

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