Fixed Assets - EBS (MOSC)

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Difference in the calculation of Depreciation

edited Apr 24, 2015 3:31PM in Fixed Assets - EBS (MOSC) 6 commentsAnswered

Hi,

Our Plan is go-live FA in future for that we testing assets to upload through WEBADI. Below is the asset that I uploaded and depreciated in Apr-14 but calculation that is coming through system is :-14373.27 but actual should come around 13744 for the period (Apr-14). I am not able to understand where is the GAP.

Date of Installation :- 08-Sep-2006

Cost :- 316451

Salvage Value :- 15822.55

Life in Year :- 8

Remaining Life in days after 31-Mar-2014 :- 160

Depreciation Method :- Straight Line Method

Accumulated Depreciation till 31-Mar-2014 :- 227324.53


Regards,

Santosh Maurya

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