Fixed Assets - EBS (MOSC)

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How to Calculate Dep on NBV

edited Nov 17, 2014 9:24AM in Fixed Assets - EBS (MOSC) 7 commentsAnswered ✓

Dear All,

I have purchased Asset in Jan-2014, Cost = 120000, Life One year and Dep Method STL.  We add additional cost in the month May 10000. How can I calculate dep on NBV in May period and onward?

Period 1 Dep = 10000 (120000/12)

Period 1 Dep = 10000 (120000/12)

Period 1 Dep = 10000 (120000/12)

Period 1 Dep = 10000 (120000/12)

Period 4 Dep = 11250(90000/8)

Thanks

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