How to Depreciate Asset with Remaining Useful Life but Depreciation Basis should be (NBV) Net Book V
Hi
As per regional Act, all the assets needs to be depreciated with remaining Useful life, but Depreciation Calculation should be done on Net Book Value (NBV)
For Example :
Date of Capitalisation : 01-APR-2013
Depreciation Rate : 10%
Cost : 100000
Acc Depreciation : 10000
NBV - 31-Mar-14 : 90000
Now we want to depreciate Asset @4% & Depreciation Calculation should be done on NBV i.e. 90000/-
YTD Depreciation : 3600
MTD Depreciation : 300
Please advice.