Fixed Assets - EBS (MOSC)

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How to Depreciate Asset with Remaining Useful Life but Depreciation Basis should be (NBV) Net Book V

edited Dec 4, 2017 10:16PM in Fixed Assets - EBS (MOSC) 3 commentsAnswered

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.


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