Fixed Assets - EBS (MOSC)

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How to change depreciation method from rate to life on NBV

edited Sep 18, 2014 9:01AM in Fixed Assets - EBS (MOSC) 1 commentAnswered ✓

Hi,

We need to change the depreciation method rom rate % to life base , how to do the same ?

Case-1

=================

We have Asset DPIS - 01-APR-2012

Dep Rate is 10%

Cost 100000

DEP for 01-APR-2012 to 31-MAR-2013 - 10000

DEP for 01-APR-2013 to 31-MAR-2014 - 10000

NBV on 31-MAR-2014 is = 80000  i.e - (100000-20000)

===========================

Now if we determine life of asset as 3 Yeras and we want to do changes after 31-MAR-2014 ie on NBV - 80000 and not retrospectively . how to do the same ?

Regards,

Amit

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