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Leap Year Depreciation

edited Mar 9, 2015 3:22PM in Fixed Assets - EBS (MOSC) 1 commentAnswered ✓

Dear All,

Can you please Calculation of Depreciation in Leap Year ?

For example:

DIPS : 10-Nov-2011

Cost :  12000

and Life : 5 Year

Daily Base Prorate Calendar

11-Nov   12000/5 = 2400/365 =  6.575342 x 21 = 138.082

11-Dec  12000/5 = 2400/365 =  6.575342 x 31 = 203.835

12-Jan   12000/5 = 2400/366 =  6.55737 x 31 = 203.27868852459

12-Feb   12000/5 = 2400/366 =  6.55737 x 29 = 190.16393442623

12-Mar   12000/5 = 2400/366 =  6.55737 x 31 = 203.27868852459

Thanks

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