Full year depreciation in the year of induction irrespective of the date put to use
Dear All,
We have a requirement whereby we are following Staright line depreciation method and need the assets to be depreciated for full year irrespective of the date of purchase or date put to use. For example, we have purchased an asset on January 2015 with cost as 100000 which need to be depreciated @10%. Our requirement is that the depreciation generated for the year April 2014 - March 2015 should be 10000 (i.e. 10% of the value of the asset) and divided in remaining months of the year i.e. 3333.33 for Jan, Feb and March.
Can you help me in meeting the requirement.
Best Regards,
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