Fixed Assets - EBS (MOSC)

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Issue in depreciation calculation

edited Jul 16, 2015 3:39PM in Fixed Assets - EBS (MOSC) 1 commentAnswered

We have two identical assets with the following details:

Gross value                              25875

Accumulated depreciation          9895

salvage value                              1293.75

Date in service                    20-Jul-10

Date of calculation          01-Apr-14

Asset 1 has a life of 21.3 years and has a monthly depreciation of 69.61

Asset 2 is used for exactly double the time each day of asset 1 and has a life of 10.7 years. I am expecting that when i put the life of asset 2 as 10.7 years (exactly half of asset 1), the monthly depreciation should be exactly double of asset 1 at 139.22.

The system is however calculating depreciation for asset 2 at 183.

I am not able to understand this behaviour. Can someone please help in understanding?

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