Belgian declining Balance method with straight line switch
Hi Team,
Please advise how to configure declining balance method for Belgium with straight line switch.
Requirement below:
Acquisition value : 10,000
Life : 4 years
Depreciation % straight line method : 25% --> As soon as the straight line amount is higher than the declining amount, the straight line amount needs to be used
Depreciation % declining balance method: 40 % --> The declining % can be maximum the double of the straight line %, with a maximum of 40%
Year | value | Declining | Straight | Highest |
1st year: | 100000 | 40000 | 25000 | 40000 |
2nd year | 60000 | 24000 | 25000 | 25000 |
3rd year | 35000 | 14000 | 25000 | 25000 |
4th year | 10000 | 4000 | 25000 | 10000 |
100,000.00 |
Note: The Declining balance methods in seeded oracle doesn't allow comparison of depreciation value,so how to achieve this as part of Belgian requirement.